Bitcoin Breaks $101K After Golden Cross, but Eyes Retest of $95K

Bitcoin broke through the $101,000 threshold after a golden cross, signaling potential for further growth. However, analysts suggest a possible retest of the $95,000 support zone if current strength weakens. The 50-day moving average (MA) provided crucial support but signals indicate a more sideways price movement. The recent jump follows Bitcoin’s bouncing off its 50-day MA and triggered a golden cross, a bullish indicator that has historically preceded periods of consolidation before significant market movements.