November 17 2025
Bitcoin is currently in an exciting phase, similar to the situation at the end of 2024. The so-called 'golden cross' is visible in the chart, while concerns about the US government debt are increasing.
Bitcoin is reaching a crucial technical moment: the 50-day moving average is approaching a crossing with the 200-day moving average. This crossing, known as a golden cross, is often seen as the start of a new uptrend in the market.
The last time this pattern occurred – between August and October 2024 – Bitcoin price rose significantly. It is notable that this golden cross came just a few weeks after a negative ‘death cross’ in April, which at the time misled bears. However, the price recovered quickly and now looks set to continue this positive trend.
The current price developments show strong similarities with those of last year. Then too, we first saw a death cross, after which the price gradually rose to a new peak above $100.000. In November, that trend accelerated, leading to a record price of over $109.000 in early 2025.
We are now experiencing a similar scenario. In early April, the price dropped below $90.000, but has since recovered to above $103.000. With a confirmed golden cross in sight, traders are once again looking confidently to the future.
In addition to technical signals, fundamental developments also play an important role in Bitcoin’s outlook. Recently, credit rating agency Moody’s downgraded the US credit rating from AAA to AA1, raising concerns about US fiscal policy.
The US national debt now stands at $36 trillion. This growing debt burden is pushing up yields on the bond market, making traditional safe havens like Treasuries less attractive.
In this climate, Bitcoin is becoming increasingly attractive. Like gold, it is increasingly seen as a hedge against monetary instability and long-term inflation. Especially in uncertain times, interest in BTC as an alternative to fiat money.
What does the 'golden cross' mean for Bitcoin?
The golden cross is a signal that a new uptrend may begin. It occurs when the 50-day moving average crosses the 200-day moving average, and historically this has often led to price increases.
Why are macroeconomic concerns important for Bitcoin?
In times of economic uncertainty, such as rising government debt and declining creditworthiness, many investors see Bitcoin as an alternative to traditional investments such as bonds, which are becoming less attractive.
How does the current price development compare to the past?
The current market is showing similarities to last year’s price increases, which followed a similar pattern of a death cross followed by a strong upward trend. History seems to be repeating itself.
Bitcoin (BTC)
Ethereum (ETH)
XRP (XRP)
