Bitcoin Price Action in the Past 24 Hours Has Been Nothing Short of Remarkable

Bitcoin's price action in the past 24 hours has been nothing short of remarkable. After consolidating for several days in a tightening range

This article provides insights into Bitcoin’s price action and technical analysis. It highlights a different take on the much-celebrated golden cross by

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Analyst Disputes Golden Cross Hype As Late SignalIn a recent analysis published on TradingView, FX_Professor offered a different perspective on the golden cross, a crossover of the 50-day simple moving average above the 200-day, which is often a hotly anticipated event in crypto markets. While most market commentators view this crossover as a strong bullish confirmation, the analyst dismissed it as a delayed indicator.

“The golden cross is the afterparty where retail arrives 3 hours late and everyone is already dancing on the tables,” explained FX_Professor.Instead of waiting for the golden cross to flash green, the analyst noted pre-indicator pressure zones as the real signal of value. In the case of Bitcoin’s price action in recent months, the analyst highlighted the $74,394 and $79,000 region as the zone of accumulation and early positioning, well before the golden cross appeared. As such, by the time the cross appeared recently, Bitcoin’s price action had already up significantly.

Good evening traders. BTC is preparing for the golden cross of the 50 SMA over the 200 SMA. But is it really the signal to enter longs? Not necessarily.

Many traders use this crossover as a signal to enter a long position, as it suggests that the asset’s price is likely to continue. However, this analysis follows a trend among experienced traders who view the golden cross as more of a lagging confirmation than a trigger of a rally.

Early Entry Zones And Structure Matter More, Analyst SaysAccording to FX_Professor, indicators such as EMAs or SMAs can be useful but should never come before understanding the price structure, trendlines, and real-time pressure zones. He shared a snapshot of his own Bitcoin price chart that combines custom EMAs with a signature parallelogram method to detect where price tension begins to build. Visible on the chart are entries forming as early as April when Bitcoin bounced off support around $74,000, long before the crossover confirmation.

Now, with Bitcoin pushing toward the next target zone near $113,000, the analyst’s strategy continues to validate itself in real time. Nonetheless, the confirmation of a golden cross is still bullish for Bitcoin’s price action moving forward, even if the price rally is already halfway to its peak level.

At the time of writing, Bitcoin is trading at $110,734. This marks a slight pullback from the new all-time high of $111,544, which was registered just three hours ago. The Bitcoin price is still up by 3.1% in the past 24 hours, and new all-time highs are possible before the weekly close.