Bitcoin Golden Cross Signals Potential 100% Rally to $230,000
Bitcoin has recently triggered the Golden Cross, a significant technical signal indicating potential for an explosive rally. This is only the fourth occurrence since Bitcoin's inception:
- The first Golden Cross in 2016 led to a 264% bull rally.
- In 2017, the signal preceded a meteoric rise of over 2,200%, reaching highs between $17,000 and $27,000.
- The 2020 Golden Cross saw Bitcoin surge over 1,190%, climbing to approximately $69,000 by late 2021.
In 2025, Bitcoin has again triggered this signal. Analyst 'Merlijn The Trader' suggests it could lead to another massive rally, potentially pushing prices beyond $230,000 or even up to $400,000.
Supporting Technical Signals
- Crypto analyst Mags highlights that Bitcoin's bull market support bands have consistently acted as strong support zones.
- Recent price tests show Bitcoin bouncing off these bands, indicating buyer intervention at these levels.
- This ongoing support suggests a solid foundation for further gains, without signs of market overextension.
