Is the crypto bull run in danger of ending unexpectedly?
The Bitcoin price created a new all-time high, trading as high as $112,000 on Thursday. However, US President Donald Trump’s 50% tariffs on the European Union sparked a market-wide decline, with BTC tumbling by 5% to trade as low as $106,800.
Trump’s volatile tariff policy has already played a spoilsport to a crypto bull run several times. Analysts are now anticipating retests of the $104k and $102k support levels, considering $110k appears to be a strong resistance level.
BTC’s weakness is also resulting in a broad-based decline in altcoins.
However, there is a strong likelihood that the bulls will be saved by a highly bullish golden cross on the Bitcoin price chart.
Bitcoin Price Chart Forms Golden Cross
Prominent crypto analyst and Into The Cryptoverse founder Benjamin Cowen has highlighted the formation of a Golden Cross on the Bitcoin price chart, as the 50-day Simple Moving Average has crossed above the 200-day SMA.
Cowen has been consistent with his Bitcoin price prediction regarding the cross — BTC typically pulls back by 10% to 15% over several days before rebounding and continuing its bullish trend.
Following the last Golden Cross in October 2024, Bitcoin initially printed two green candles before an 8% correction lasting 6 days. Eventually, BTC resumed its uptrend, printing a 10% green candle just two days later.
Interestingly, the Bitcoin price is moving within an ascending channel. Following Friday’s crash, BTC retested the lower trendline of the channel and appears to be rebounding from it.
Therefore, there is a strong possibility that the initial Golden Cross dump is already over, and a bullish continuation is imminent.
All eyes are now on Sunday’s weekly close. The Bitcoin price appears poised to close significantly above the key $104k support level. There is also the distinct possibility of a close above $108k, which would signal strong demand and the possibility of another explosive rally next week.
It is also important for the bulls to zoom out — focus on the bigger picture rather than mulling over every green and red candle.
The Global M2 money supply remains one of the best indicators of BTC’s trajectory, and accurately predicted its April 7th local bottom. If the strong correlation trend continues, the Bitcoin price could rally to $150,000 in the second quarter itself.
Maybe, just maybe it was this easy…
I'll chat more about it on tonights' Drinks with Raoul at 6pm ET pic.twitter.com/c6HuQucFWt
— Raoul Pal (@RaoulGMI) May 21, 2025
BTC Bull Tipped As The Best Bitcoin-Themed Altcoin
A Bitcoin bullish continuation would pave the way for the highly anticipated altseason.
In particular, BTC-themed altcoins are in high demand. For instance, a new Bitcoin-based meme coin, BTC Bull (BTCBULL), is quickly selling out in its presale, raising over $6.3 million in short order.
The strong demand isn’t surprising in the least, owing to the meme coin’s promise of free Bitcoin.
BTCBULL holders will receive BTC airdrops when the Bitcoin price hits $150,000, which could happen in Q2, and on every subsequent $50k increase. The duration and size of BTCBULL holding will determine the size of the airdrop.
Meanwhile, holders will also benefit from token burn events — 5% of the total token supply will be burnt at $125k and every subsequent $25k increase — as well as from a massive BTCBULL airdrop at $250k.
In addition, early presale buyers are already benefiting substantially from presale staking, which is currently offering a reward rate of 65% per annum.
Owing to its promise of free Bitcoin, small market cap and long-term viability, investors are viewing BTC Bull as one of the most attractive Bitcoin-themed altcoins on the market, with others calling it the next 100x crypto.
Visit BTC Bull Presale
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