Donald Trump’s Last Crypto Call Rallies Bitcoin Supporters in High-Stakes Election Push 
Elon Musk Fires Back at Zoox Co-Founder's Doubts Over Tesla FSD’s Robotaxi Readiness 
Samsung Electronics Refocuses on High-End Chips Amid Profit Dip and AI Demand 
Intel CEO’s Taiwan Remarks Cost 40% TSMC Discount on Latest Chip Technology 
BlackRock’s $2.2 Billion Bitcoin ETF Stands Out, Surpassing Top Global Funds in Unmatched Inflow 
XRP's Decentralized ID Revolutionizes Digital Security: Self-Sovereign IDs Go Live on XRPL 
Whales Dive In: Vitalik Buterin Launches "The Splurge" Phase for Ethereum! 
XRP Whale Drops 31M Tokens As SEC Battle Reaches Pivotal Moment 
Bitcoin Eyes $123K as Zeberg Highlights Key Fibonacci, RSI, and MACD Signals 
Shiba Inu Gains Robinhood’s Attention: SHIB’s Epic Journey Through the Meme Coin Spotlight 
Cybertruck to Hit Canada Next Week: Tesla’s First Canadian Deliveries Set for Nov. 5 
Australia’s new digital ID scheme falls short of global privacy standards. Here’s how it can be fixed 
Bitcoin Poised for $80K Breakout Amid Bullish Derivatives and Election Optimism 
Sumitomo Corp Reports 11% Drop in Net Profit Amid Weak Coal Prices 
Xiaomi SU7 Ultra Makes EV History at Nürburgring, Leaving Porsche and Tesla in Its Dust 
Solana Surpasses Ethereum in Fees as Whales Accumulate: A Bullish Outlook! 
Bitcoin’s price is gaining momentum, fueled by the recent “Golden Cross” pattern that suggests bullish conditions. Rising retail demand and steady institutional inflows are propelling BTC toward potential all-time highs, despite lingering global economic pressures.
Golden Cross Signals Potential Shift in Bitcoin Price Momentum
The 30DMA has surpassed the 365DMA, creating a "golden cross"—a formation traditionally linked with increasing price momentum—according to the most recent data from CryptoQuant (via Coingape), which indicates a significant change in momentum for Bitcoin's active addresses.
A "death cross" pattern developed after Bitcoin's most recent all-time high in March, sending the cryptocurrency's price down into bearish territory. Bitcoin has been unable to reclaim the March levels ever since. But now that bulls have taken over and the "Golden Cross" pattern has formed, the tide appears to be turning.
Further evidence of increased market activity is the fact that the number of transactions is roughly double what it was in the 2021 cycle.
Cautionary Signals Amid Optimism
Nevertheless, experts at CryptoQuant warn that the present trend in BTC might be reminiscent of the consolidation phase in mid-2021 if the 30DMA doesn't surpass the 365DMA more strongly. Investors evaluating momentum for the long run should keep a careful eye on this crucial period.
Both individual and institutional investors were heavily involved during the last two Bitcoin price surges to record highs. The majority of the price activity in the past few weeks has been driven by institutional players and whales, while retail involvement has remained subdued.
Rising Retail Demand Fuels Market Excitement
The most recent news, however, implies that retail involvement is resuming its previous level of market activity. Retail demand for Bitcoin has recently climbed to seven-month highs, according to on-chain data.
In certain regions, like Canada and Europe, the price of Bitcoin keeps hitting new records. The demand from institutions, however, has not changed.
