Nasdaq Futures Flash Golden Cross at Record Highs—Bitcoin Bulls Smell Blood

Wall Street's tech-heavy index just painted the ultimate bullish signal—and crypto traders are leaning in.

Golden Cross, meet crypto spring.

The Nasdaq 100 futures chart carved out a golden cross this week as it hovered near all-time highs. For the uninitiated: That’s when the 50-day moving average punches above the 200-day—a classic ‘buy’ flag for traditional investors. Now Bitcoin’s looking at the same chartplaybook.

Pundits are already calling it. ‘When Nasdaq sneezes, crypto catches a cold’? Try ‘When Nasdaq flexes, Bitcoin buys Lambos.’ The correlation playbook isn’t perfect, but good luck telling that to the degens loading up on BTC futures.

Of course, Wall Street’s ‘technical analysis’ cult will spin this as prophecy—never mind that half these charts get redrawn after the coffee hits. Meanwhile, Bitcoin’s just sitting there, quietly eating their lunch since 2009.

Note that BTC's rally has stalled above $100,000 since it chalked out a golden cross on May 23. The moving average-based indicator has a mixed record of predicting price trends in the bitcoin market.