Bitcoin Golden Cross: Bullish Signal or Fakeout?

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Bitcoin (BTC) is approaching a significant technical milestone known as a "golden cross," where the 50-day simple moving average (SMA) crosses above the 200-day SMA. Historically, such patterns have preceded substantial price rallies, with past occurrences leading to gains of 45–60%.

However, it's essential to approach this signal with caution. In February 2020, a similar golden cross was followed by a 62% price drop, underscoring that while the pattern can be bullish, it's not infallible.

Currently, Bitcoin's fundamentals appear supportive. Factors such as increasing M2 money supply and easing US-China trade tensions contribute to a bullish outlook. Yet, technical indicators like the Relative Strength Index (RSI) suggest overbought conditions, and a bearish divergence indicates potential short-term downside risks. Analysts note that BTC might initially pull back toward support levels around $92,400–$95,000 before any significant upward movement.

As of now, Bitcoin is trading at approximately $105,152.

Question for Discussion:
Given the impending golden cross and current market indicators, do you believe Bitcoin is poised for a significant rally, or should investors brace for a potential short-term correction?