Daily News 19

Tag: Bitcoin price rally

  • Is a New Bitcoin Rally Imminent? Binance Research Analyzes Historic Signal That Appeared After 293 Days

    Is a New Bitcoin Rally Imminent? Binance Research Analyzes Historic Signal That Appeared After 293 Days

    Key Highlights

    • Bitcoin formed a “golden cross” on September 8, when its 50-day moving average moved above its 200-day moving average.
    • Historical cases following at least 150 days below the 200-day average recorded peak gains of approximately 100% to 600% during the subsequent year.
    • Binance Research cautions that historical patterns are not guarantees, while elevated US Treasury yields and macroeconomic data remain important risks.

    Bitcoin’s September Golden Cross Echoes Earlier Recovery Periods

    Bitcoin’s latest “golden cross” has drawn attention from Binance Research because the technical formation resembles patterns seen during several previous recovery periods. Bitcoin, the highest-volume asset in the cryptocurrency market, recorded the signal on September 8, when its 50-day moving average crossed above its 200-day moving average.

    The crossover followed an extended period of weakness. Before the golden cross emerged, Bitcoin had spent 293 days below its 200-day moving average. Binance Research examined 12 previous examples of similar crossovers to assess how Bitcoin performed after prolonged periods beneath the longer-term trend indicator.

    According to the report, golden crosses that formed after Bitcoin remained below its 200-day moving average for at least 150 days were followed by peak gains ranging from approximately 100% to 600% during the next year. Binance Research stressed, however, that these figures represent the maximum gains reached during the period rather than the return generated by holding Bitcoin for exactly one year.

    The historical results were less pronounced when Bitcoin had spent a comparatively shorter period below its 200-day average. Binance Research noted that in four of the other six cases, Bitcoin’s maximum gain within one year remained below 100%. The comparison suggests that the length of the preceding period of weakness may be relevant when assessing the historical performance of a golden cross.

    Bitcoin Pattern Shows Similarities to October 2015

    Binance Research identified the current setup as particularly similar to the golden cross recorded in October 2015. Following that formation, Bitcoin surged by 150%. During the 2015 period, Bitcoin produced the technical signal after a prolonged correction, recovered from an extended period of weakness and subsequently entered its next major bull cycle.

    Despite the comparison, Binance Research emphasized that historical similarities do not guarantee future price movements. The report also highlighted the limited size of the sample and the possibility that some of the analyzed periods overlap. For those reasons, historical performance alone should not be treated as a bullish indicator for Bitcoin.

    Macroeconomic Conditions Remain Critical for Bitcoin

    Bitcoin’s improved technical picture is developing alongside continued macroeconomic pressure. Binance Research reported that the US 10-year Treasury yield had risen to 5.17%, its highest level since 2007. Higher yields and changing interest-rate expectations can weigh on Bitcoin and other risk-sensitive assets.

    The report said market participants will closely monitor both technical signals and economic data in the coming period. Inflation and employment figures will be particularly important in assessing whether Bitcoin can sustain its upward trend. The analysis does not constitute investment advice.

    Why This Matters

    The golden cross gives traders a widely followed technical signal indicating that Bitcoin’s medium-term price momentum has strengthened relative to its longer-term trend. However, the historical examples cited by Binance Research also show that the outcome has varied, and the sample does not establish a reliable forecast.

    The broader market backdrop may determine whether the signal develops into a sustained recovery. Elevated Treasury yields, interest-rate expectations, inflation and employment data could all influence demand for Bitcoin in the period ahead. Investors will therefore be watching whether the technical improvement persists while macroeconomic pressures remain in place.

    Frequently Asked Questions

    What is Bitcoin’s golden cross?

    A golden cross occurs when an asset’s 50-day moving average rises above its 200-day moving average. Bitcoin formed this pattern on September 8.

    What did Binance Research find about previous golden crosses?

    In cases where Bitcoin had remained below its 200-day moving average for at least 150 days, peak gains during the following year ranged from approximately 100% to 600%. These were maximum gains during the period, not one-year holding returns.

    What could affect Bitcoin’s performance after the signal?

    Binance Research said inflation data, employment figures, interest-rate expectations and the US 10-year Treasury yield will be important factors alongside Bitcoin’s technical signals.

  • Bitcoin Cools After $3 Billion ETF-Driven Surge

    Bitcoin Cools After $3 Billion ETF-Driven Surge

    Bitcoin pulled back on Friday afternoon after a powerful rally fueled by heavy buying from U.S. spot Bitcoin exchange-traded funds (ETFs).

    The leading cryptocurrency was trading at $77,379 in New York on Friday afternoon, down more than 3% over 24 hours. Bitcoin reached a weekly high of $81,281 before losing momentum following Federal Reserve Chair Kevin Warsh’s first major speech as head of the central bank. Warsh said Friday that he had “more work to do” to fight inflation.

    Bitcoin has historically come under pressure when the Federal Reserve signals that inflation remains too high, reducing the likelihood of interest-rate cuts. The cryptocurrency generally performs better in a lower-interest-rate environment.

    JUST IN: U.S. Bitcoin ETFs have brought in $1.14 billion in inflows this week. Over $3 billion has been added in the past 9 days! pic.twitter.com/ri1jE7enTZ
    — Bitcoin Magazine (@BitcoinMagazine) August 28, 2026

    Bitcoin began surging last week after the U.S. Treasury said it would at least double the size of its liquidity-support buyback operations. The announcement weakened the dollar, while non-yielding assets benefited.

    Bitcoin ETFs managed by BlackRock, Fidelity and Grayscale recorded net inflows for nine consecutive days, according to data from Farside Investors. The funds had their strongest week since October, when Bitcoin reached a new all-time high, and the inflow streak continued into this week.

    Since August 17, investors have directed more than $3 billion into the funds. BlackRock’s iShares Bitcoin Trust received the largest share of the investment, while Morgan Stanley’s new Bitcoin Trust, which launched this year, also recorded significant inflows.

    Analysts have said the so-called debasement trade is encouraging investors to reconsider Bitcoin. The strategy involves buying assets as a hedge against the loss of value in a currency.

    Investors participating in the trade view Bitcoin, gold and other precious metals as potential protections against excessive government spending. Total U.S. government debt surpassed $40 trillion for the first time this month.