Bitcoin Forms Golden Cross, Analysts Predict Surge to $150,000
Bitcoin (BTC) is exhibiting a potential Golden Cross pattern, historically linked to significant price increases. Analysts indicate this could lead BTC towards $150,000 despite recent fluctuations around the $100,000 mark.
Golden Cross Formation Indicates Potential Rally
- Bitcoin has formed a Golden Cross, signaling bullish momentum.
- Technical analysis suggests a possible surge to $150,000 if historical patterns hold.
- The last occurrence of this pattern in November 2024 was followed by a 62% price rally after an initial correction.
- Currently, Bitcoin shows an 8% decline, reflecting a similar corrective phase as seen last year.
- Predictions indicate a potential 51% rise from current levels post-correction.
Should the Golden Cross catalyze a bull run, Bitcoin's price could reach approximately $158,625 by the end of 2025.
Critical Price Levels and Risks
- Bitcoin currently trades between $100,000 and $112,049, crucial for maintaining bullish sentiment.
- Analysts warn that losing the $100,000 level could trigger further declines.
- Possible downside targets include $97,000 to $95,000, indicating declines of 9.56% and 7.66%, respectively.
