Golden Cross is the state when the short-term moving average crosses above the long-term moving average, often seen as an early signal for a new uptrend. Notably, previous instances of Golden Cross in $BTC occurred while the market was still uncertain and sentiment was rather low, not when everyone was FOMOing.
You can look back at the data from history:
Golden Cross 1: BTC increased by about 87%
Golden Cross 2: increase 47%
Golden Cross 3: increase 78%
Golden Cross 4: increase 33%
It's not always a straight pump, but the common point is that the price often has a significant increase afterwards. Observing it shows that whether short or long, it is still a large enough wave for the market to pivot.
The interesting point of the Golden Cross is that it does not appear when everyone is optimistic, but often comes when the market is in a phase of doubt and the inflow of money is not strong.
In other words, the Golden Cross often appears when the majority are still hesitating, not when everyone is sure that BTC will rise.
Of course, no indicator is 100% accurate, and the Golden Cross is not infallible. However, with BTC just having its Golden Cross for the 5th time, in the current context where sentiment is still quite low, this is a signal worth monitoring for everyone.