In the last thirty days, Bitcoin (BTC) has experienced a slight resurgence in its value. After lingering below the $90,000 mark for several weeks, it has now surged past that level and even briefly approached $100,000.
This upward movement influenced the 30-day moving average (MA) of Bitcoin’s Fear & Greed Index, which recently exceeded the 90-day moving average—a phenomenon not seen since May 2025.
Bitcoin Exhibits a Golden Cross Pattern
The 30-day MA is a technical tool that reflects price fluctuations by averaging closing prices over one month. Similarly, the 90-day MA calculates this average over three months.
On-chain analyst MorenoDV shared data on CryptoQuant showing that the 30-day MA climbed to approximately 30.2%, while the longer-term 90-day MA was at about 26.1%.
A Golden Cross occurs when the short-term moving average surpasses its long-term counterpart. This often signals increased bullish momentum in BTC’s recent price trends compared to its performance over previous months. Such an indicator suggests growing investor interest and potential buying activity in Bitcoin.
Cautious Market Sentiment Despite Positive Signals
Nonetheless, MorenoDV offered a more cautious perspective, noting that market participants remain “still skeptical” despite these optimistic signs.
“This behavior isn’t driven by euphoria; it typically emerges when skepticism lingers within markets characterized by high volatility and fragile confidence levels,” he explained. “The critical factor isn’t whether sentiment is fearful or greedy but how sentiment shifts relative to its own trend.”
The analyst further noted that golden crosses tend to follow prolonged phases of market fear as measured by the Fear & Greed Index and are frequently followed by price increases in subsequent weeks for BTC.
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Currently trading around $91,200 with a slight dip of about two percent over twenty-four hours, BTC’s near-future trajectory remains uncertain. However, if this golden cross coincides with rising lows in price without significant sell-offs from holders (“aggressive distribution”), it could pave way for sustained bullish trends ahead.