Bitcoin's jump above $71,000 sets up bullish golden cross pattern

Bitcoin surged above $71,000, rising more than 12% over the past week and trading slightly above its 200-day simple moving average at $69,005. The move has improved momentum and set up the possibility of a bullish golden cross, which would occur if the 50-day SMA at $63,976 crosses above the 200-day SMA. The article frames this as a technically significant development that could reinforce a longer-term bullish trend, especially since golden crosses have historically preceded further rallies. However, it also warns the move may still prove to be only a relief rally unless bitcoin can hold above the 200-day average; a decisive drop back below that level would weaken the bullish case.