$BTC Bitcoin (BTC), the world’s largest cryptocurrency, has just triggered a rare and historic Golden Cross, signaling the start of another major bull run. This technical formation has mostly preceded explosive price surges in the past. Surprisingly, the market is expected to respond with a sharp but short-term pullback, with a crypto analyst calling for a flash sale.
Golden Cross Sets Stage For $BTC Bitcoin Flash Sale
According to a new analysis posted on X (formerly Twitter) by market expert Kyle Chasse, a Golden Cross pattern has emerged on the Bitcoin price chart. Historically, this technical signal has marked the beginning of some of Bitcoin’s most dramatic and sustained bull rallies. However, Chasse warns that this particular Golden Cross could trigger a short-term $BTC BTC flash sale before the real rally begins.
The analyst revealed that in 2016, a Golden Cross preceded a 139% climb in the BTC price. Similarly, the same pattern appeared in the 2017 bull market, triggering an unprecedented 2,200% explosion that defined one of the most powerful BTC rallies.
In 2020, Bitcoin also surged over 1,190% after a Golden Cross emerged, fueling a rise to its former ATH of around $69,000. Now, with the flagship cryptocurrency hovering in the six-figure territory, Chasse suggests that the current Golden Cross may not follow the familiar script of past bull markets.
