Bitcoin (BTC) shows signs of repeating the historical golden cross pattern that led to a long-term equivalent downturn. While the recent pullback of the cryptocurrency near the $100,000 level may have raised concerns in the crypto market, analysts point out that this move is part of a broader trend that could drive Bitcoin to its highest price.
The formation of the golden cross drives Bitcoin to the $150,000 level.
Bitcoin has once again shown a classic bullish signal, the golden cross, reigniting optimism for a significant price rise in the coming months. According to technical analysis by 'Chain Mind,' a crypto analyst on platform X (formerly known as Twitter), Bitcoin may be on the verge of a massive rise to $150,000 if this historical pattern continues as expected.
The last time Bitcoin formed this pattern was in November 2024. Immediately after the crossover was completed, Bitcoin's price experienced a 10% correction, followed by a sharp increase of 62% in the following weeks. This behavior established a clear trend of short-term volatility preceding a strong upward continuation.
In early June 2025, Bitcoin recorded a new golden cross on its chart, and so far, the price movement appears to mimic last year's movement. Notably, Bitcoin dropped by 8%, indicating a smaller corrective phase, albeit similar to what we saw in 2024. Technical forecasts from Chain Minds now suggest a potential increase in Bitcoin's price by 51% from the post-correction low. This would place Bitcoin in the $150,000 range by the end of 2025.
Chain Mind's analysis indicates that Bitcoin's recent collapse toward the $100,000 level represents a potential local bottom, with the golden cross acting as a catalyst for the next phase of upward movement. If the current historical pattern continues, Bitcoin could enter a sustainable bullish period toward its all-time highs. With the cryptocurrency already recovering from the short-term pullback and currently trading at $105,050, a 51% increase could elevate its price to around $158,625 once the historical golden cross pattern is fully completed.
The upward trend of Bitcoin is at risk if it loses the $100,000 level.
Despite the prevailing bullish sentiment toward Bitcoin, its price is currently moving within a critical trading range between $100,000 and $112,049, which analysts see as essential for maintaining current optimistic forecasts. Crypto Villa, the market expert responsible for this analysis, has shown through a chart that Bitcoin is experiencing stabilization within a rectangular range, reflecting a pause in momentum after a sharp rise earlier this quarter.
The cryptocurrency analyst boldly stated that as long as Bitcoin continues to trade within the mentioned range, there is no need to worry about another major collapse. However, if the $100,000 level does not hold, the next potential target for a decline lies between $97,000 and $95,000, reflecting decreases of 9.56% and 7.66% from current levels, respectively.
#Binance #BTC #SouthKoreaCryptoPolicy #BigTechStablecoin #CUDISBinanceTGE
