A new analysis suggests Bitcoin's on-chain indicators are echoing patterns seen before last year's significant bull run. CoinDesk's Omkar Godbole highlights the MACD histogram on the BTC weekly chart, drawing parallels to the August-September period preceding the previous surge. Godbole notes that after this pattern emerged last year, Bitcoin experienced a substantial climb from $70,000 towards $100,000 starting in mid-October. This observation fuels speculation about a potential upcoming rally. Furthermore, the analysis points to the increasing likelihood of a bullish golden cross formation. This technical indicator, where the 50-day Simple Moving Average (SMA) surpasses the 200-day SMA, could materialize within the next few weeks. Such a pattern is often interpreted as a strong buy signal by technical analysts and may further contribute to upward price momentum for Bitcoin. This potential golden cross adds further weight to the bullish outlook suggested by the MACD analysis. ```

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