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Bitcoin News: BTC Nears Bullish Golden Cross as Moody's Downgrades U.S., Citing Debt Concerns

  • Bitcoin nears a bullish golden cross on its daily chart in late May 2025, signaling potential upward momentum in price.
  • This setup follows the 50-day simple moving average crossing upward toward the 200-day SMA, a pattern occurring after a previous death cross and amid Moody's downgrade of the US credit rating.
  • Bitcoin's price recently fluctuated around $103,000, stalling near a supply cluster at $106,600 where 31,000 BTC remain held, while trading volume surged almost 94% to nearly $66 billion.
  • According to analysts, the golden cross may initiate a sustained uptrend or consolidate before further gains, but it does not guarantee uninterrupted rises and could trigger short pullbacks.
  • The downgrade of US sovereign credit from Aaa to Aa1 due to $36 trillion national debt heightens fiscal concerns, which together with technical signals suggest Bitcoin and gold could benefit as alternative assets.
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Crypto News Flash broke the news in on Sunday, May 18, 2025.
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