All articles tagged with #golden cross
Small-cap stocks are approaching their first 'golden cross' in 18 months, a bullish technical indicator that historically precedes gains, amid a broader market rally that favors cyclicals and small caps over megacap tech stocks. However, underlying fundamentals remain uncertain, with experts cautioning that the rally may be temporary due to economic headwinds and high interest rates.
Stock futures are flat after a day of tech stock sell-off, with the market showing signs of bullish momentum through a 'golden cross' pattern, while short sellers face significant losses since April. Investors await key economic reports and trade deal updates amid ongoing market turbulence.
The S&P 500 has experienced its first 'golden cross' in over two years, a bullish technical indicator suggesting momentum is building in favor of a continued market rally, with historical data supporting further gains over the next year. Despite some signs of caution, such as a bearish gold-platinum ratio, the overall outlook remains positive for the second half of 2025.
Dogecoin is showing signs of a bullish run as a golden cross has appeared on its 4-hour price chart, indicating potential upward momentum. This pattern, where a short-term moving average crosses above a long-term one, suggests a shift from bearish to bullish sentiment. Previously, a similar pattern in November led to a significant price rally. If Dogecoin follows this trajectory, it could reach $1 by December 7, with key resistance levels at $0.43 and $0.4759. Currently, Dogecoin is trading at $0.404, up 9.8% from a recent low.
XRP has formed a golden cross against Bitcoin, a bullish technical pattern where the 50-day moving average crosses above the 200-day moving average, indicating potential upward momentum. This development comes amid a broader altcoin rally, with XRP reaching highs not seen since May 2021. However, XRP must overcome key resistance levels to sustain its upward trend against Bitcoin, and broader market trends could impact its performance. Despite the optimism, the golden cross does not guarantee future gains, as XRP/BTC recently declined by 2.59%.
Dogecoin has surged over 140% in the past week, driven by the appearance of a 'golden cross' technical pattern, where the 50-day moving average crosses above the 200-day moving average. This pattern previously led to a massive 7,000% rally in Dogecoin's price. The recent surge is part of a broader cryptocurrency market momentum, with Bitcoin also reaching new highs. Dogecoin's rise is reminiscent of its 2021 bull run, fueled by social media and endorsements from figures like Elon Musk. Despite the rally, Dogecoin remains below its 2021 peak.
Bitcoin is experiencing a significant chart feature as it prepares for its first-ever weekly golden cross, signaling the start of an early bull market. The crossover of the 50-week and 200-week moving averages (MAs) is considered a classic bullish signal and has never occurred before in Bitcoin's history. This comes after Bitcoin fell below the 200-week MA earlier this year. While some market commentators remain bearish on Bitcoin's price, others believe that considerable upside could be in store if the golden cross phenomenon plays out.
Gold futures have rallied to their highest prices since August 2020, just eight weeks after a death cross signaled potential weakness. This shift in the market indicates a potential bullish indicator known as a "golden cross," where a short-term moving average surpasses a long-term moving average. The gold-backed SPDR Gold Shares exchange-traded fund is also nearing its golden cross. Despite failing to reach fresh record highs, gold's appeal as a hedge against inflation, economic uncertainty, and geopolitical events, along with strong central bank net purchases, have supported its prices. Traders are now waiting for a confirmed breakout above all-time highs before taking a full position, anticipating a continued bull run for gold.
The S&P 500 experienced a 2.4% decline last week, bringing it 7.9% below its high-water mark set in July. The market is still adjusting to its gains and grappling with high and rising interest rates. Bitcoin has rallied this year but remains down 48% from its peak in October 2021. Solar energy stocks took a hit due to the increasing cost of financing solar installations caused by higher interest rates. The S&P Top 7 mega-cap stocks continue to dominate the market, accounting for 87% of the S&P 500's year-to-date gain.
The US Dollar Index (DXY) has reached its highest level in almost 10 months, indicating growing confidence in the US dollar compared to other fiat currencies. This surge in demand for the dollar has raised concerns about its potential impact on Bitcoin and cryptocurrencies. However, the relationship between the DXY and Bitcoin is not straightforward. While a stronger dollar may lead to reduced demand for risk-on assets like Bitcoin, increased liquidity in the markets due to inflation and recession pressures could favor Bitcoin as investors seek refuge in alternative assets. Therefore, the DXY's golden cross may not necessarily be a net negative for Bitcoin, especially on longer timeframes.
The U.S. dollar is on track to complete its first "golden cross" since July 2021, indicating a potential upward trend and potential trouble for stocks. A golden cross occurs when the 50-day moving average surpasses the 200-day moving average, often signaling momentum in a particular direction. The dollar's recent gains, coupled with rising Treasury yields, could pose challenges for the stock market. Analysts suggest that the Federal Reserve's decision to maintain interest rates above 5% through 2024 may further support the dollar's upward trajectory.
Crypto analyst Tone Vays predicts that Bitcoin's current consolidation phase will result in a strong breakout rally to the upside. Vays notes that key moving averages on the weekly chart are acting as support for Bitcoin, and he expects a golden cross to occur as the 20-week moving average passes above the 50-week moving average. Vays believes that Bitcoin will break out of its consolidation within two weeks and remains 100% bullish in the market. Bitcoin is currently trading at $28,034.