Bitcoin reaches $93,928 intraday high as golden cross triggers bullish frenzy

Bitcoin (BTC) dazzled traders on Tuesday evening at approximately 5:45 ET, reaching an intraday peak of $93,928. The leading cryptocurrency by market cap gained 6.5% against the dollar and an impressive 10.3% in the past week alone. The leap over the $90,000 threshold marks the first return to such heights since March. The crypto asset’s chart is now flashing with bullish signals: Bitcoin not only jumped across important moving averages (MAs), but also carved a “golden cross” in its trajectory—a classic precursor that always hints at upward momentum.

Trading volumes surged, reflecting a market that has regained confidence. Meanwhile, BTC is increasingly dancing to its own tune, away from traditional financial (TradFi) stocks, as investors flock to its stability amid global political and economic turmoil. A combination of factors—weakening dollar strength, institutional capital inflows, bullish chart patterns, and a notable shift in market psychology—fueled Bitcoin’s electrical rally earlier this week.