Bitcoin Golden Cross Flickers Off as Rate-Hike Bets Firm Up
Bitcoin briefly showed a daily golden cross, but the signal faded after a volatile session. BTC climbed to about $79,837 after CPI data, then reversed to around $77,438, still up 1.19% on the day. Hotter-than-expected core CPI at 0.3% pushed markets to price a more hawkish Fed, with implied odds of a 25-basis-point hike rising to 86.5%. The pullback pushed Bitcoin’s 50-day EMA back below its 200-day EMA, undoing the daily golden cross for now. The setup is still close enough that the cross could reappear by the close, but it remains unstable. Trend indicators are still constructive: daily ADX is 45, showing a strong trend, and RSI is 55.5, slightly bullish. On the 4-hour chart, the golden cross remains intact, but momentum has weakened, with RSI at 43.3 and a volatility expansion suggesting a downside move may be starting.
