Bullish Signals Flash! Bitcoin Sees Another "Golden Cross": $3.8 Billion ETF Inflows, Historical Patterns Point to $100,000 by Year-End?

Bitcoin price approaches $80,000, recording its first golden cross in over six months.

According to Zhihui Finance APP, the bitcoin market has just triggered one of the most iconic bullish signals in the eyes of technical analysts. On September 8th, bitcoin’s 50-day exponential moving average officially crossed above the 200-day moving average, forming what crypto traders call a “Golden Cross.” This is the first time since November 2025 that this technical pattern has reappeared.

The Golden Cross formed as bitcoin hovered in the critical $78,000 to $80,000 range. Since mid-August, bitcoin’s price has risen by about 25% in total, reaching a recent high of $81,265 in late August. At the same time, institutional funds are flowing in at an unprecedented pace—US spot bitcoin ETFs recorded a total of $3.8 billion in net inflows over the past three weeks, marking the strongest institutional buy activity since 2026.

Golden Cross: A widely followed but “mixed” signal

The Golden Cross is one of the oldest technical indicators in financial markets. When a short-term moving average crosses above a long-term moving average, it indicates recent price momentum has overtaken the mid-to-long-term trend, often interpreted as a sign the market could shift from weakness to strength.