Golden Cross on NDX Chart Signals Potential Upside in Risk Assets, Including Crypto
The E-mini Nasdaq-100 (NDX) futures jumped over 1% on Tuesday, inching closer to their all-time high of $22,425 reached in December 2024 — and triggering a technical golden cross that could serve as a bullish catalyst for Bitcoin.
A golden cross forms when the 50-day Simple Moving Average (SMA) crosses above the 200-day SMA, indicating that short-term momentum is outpacing the longer-term trend. This is widely viewed by technical analysts as a strong signal of a major uptrend forming.
Nasdaq and Bitcoin Correlation Strengthens Bull Case
Historically, Bitcoin and U.S. tech stocks — especially the Nasdaq — have shown positive correlation, with both assets benefiting from risk-on investor sentiment and macroeconomic tailwinds.
As the Nasdaq futures form this bullish pattern, Bitcoin is already holding strong above $105,000, with analysts watching closely for a breakout to new highs.
“Bitcoin often mirrors equity market signals, especially during strong macroeconomic moves,” said one analyst from Global Trading Insights. “A golden cross on Nasdaq is not just a stock signal — it’s a crypto cue too.”
Historical Reliability of the Golden Cross
According to CNBC research, the golden cross has a solid track record when appearing on Nasdaq futures:
- After the last golden cross on March 13, 2023, the Nasdaq-100 surged 34% in 12 months
- Statistically, the index rises over 70% of the time following this pattern
This pattern not only reinforces bullish confidence in tech stocks, but also strengthens the technical backdrop for Bitcoin, which many investors increasingly view as a macro hedge and high-growth asset.
What’s Next for Markets?
With NDX futures testing resistance near their record high and Bitcoin consolidating near $105K, a successful breakout in either could spark a wave of fresh inflows across both markets.
The macro environment is also playing its part — falling oil prices, cooling geopolitical tensions, and stable inflation readings are fueling investor appetite for risk assets like crypto and tech.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.