Renowned Trader Proposes Bitcoin Golden Cross Technical Indicator, Suggests Long Position on Price Breakout

July 29th, well-known trader Killa posted a message stating that in Bitcoin's history, every golden cross near the bottom (50-day moving average crossing above the 200-day moving average) has signaled the beginning of a major bull market trend, and considering a long position after the price is above both moving averages.

Killa, as a quant trader focusing on BTC, accurately predicted the peak of this bull market in May 2025 and has over 200,000 followers on Platform X. In mid-April, he shorted Bitcoin at $74,688 and switched to a long position during the market-wide downturn on June 5th.