Bitcoin golden cross mirrors 2015 pattern, with 150% gain from that cycle peak

Bitcoin logged daily closes below its 200-day moving average for 293 straight trading days before forming a golden cross on Sept. 8, Binance Research said. The firm said six of the 12 past golden crosses came after BTC had stayed below the 200-day moving average for at least 150 days. In those cases, Bitcoin rose about 100% to 600% at its peak within a year of the golden cross. By contrast, in four of the other six cases, where the period below the 200-day average was relatively short, the maximum gain within a year remained under 100%, according to Binance Research. The firm added the current pattern most closely resembles the golden cross seen in October 2015, after which BTC climbed about 150% at its peak.