In a recent update from CryptoQuant, a major analytics firm specializing in cryptocurrency market data, Bitcoin’s active addresses have approached a significant technical pattern: the “golden cross.” This formation, often viewed as a bullish indicator, suggests that Bitcoin may be poised for upward price movement as network activity intensifies.The golden cross occurs when a shorter-term moving average crosses above a longer-term moving average, indicating a shift in market momentum from a downtrend to an uptrend. In this case, CryptoQuant analyzed active Bitcoin addresses—unique addresses participating in transactions on the Bitcoin network—by applying a monthly (30-day) and annual (365-day) moving average. The analysis reveals that the 30-day moving average (30DMA) of active addresses is on the verge of crossing the 365-day moving average (365DMA).