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Bitcoin (BTC) is showing signs of repeating a historic Golden Cross patternthat led to a long-term parabolic run. While the cryptocurrency’s recent pullbacknear the $100,000 region may have alarmed the crypto market, analysts suggest that this move is part of a broader trend that could push BTC to its next price high. Golden Cross Formation Pits Bitcoin At $150,000
Bitcoin has once again flasheda classic bullish signal, the Golden Cross, prompting renewed optimism for a major price rallyin the coming months. According to a technical analysis by ‘Chain Mind,’ a crypto analyst on X (formerly Twitter), Bitcoin may be on the verge of an explosive surge to $150,000if this historical pattern plays out as expected. Related Reading Bitcoin Price Crash To $100,00 Loading: Next Targets Revealed As Bears Take Over 2 days ago
The last time BTC formed this pattern was in November 2024. Immediately after the cross’s completion, Bitcoin’s price experienced a 10% correction, followed by a sharp 62% rally over the next several weeks. This behavior established a clear trend of a short-term shake-outpreceding a strong bullish continuation. Source: Chain Mind on X
Now, in early June 2025, Bitcoin has printed another Golden Cross on its chart, and so far, price action appears to be closely mirroring the one from the previous year. Notably, Bitcoin has dropped 8%, suggesting a smaller but comparable corrective phase to the one observed in 2024. Technical projections from Chain Minds now show a possible 51% rally on the horizon from the post-correction bottom. This would potentially place Bitcoin in the $150,000 range by the end of 2025.
Notably, Chain Mind’s analysis identifies Bitcoin’s recent crash toward the $100,000 region as a potential local bottom, with the Golden Cross acting as the catalyst for the next leg of the bull run. If the current historical pattern holds, Bitcoin may be entering a sustained period of upward movement to new all-time highs. With the cryptocurrency already recovering from the brief downturn and now trading at $105,050, a 51% increase would potentially place its price at approximately $158,625 once the historical Golden Cross pattern is fully completed. Bitcoin Uptrend At Risk If $100,000 Level Is Lost
Despite the broader bullish sentimentsurrounding Bitcoin, its price is currently navigating a critical trading range between $100,000 and $112,049, which analysts suggest is crucial for maintaining its current optimistic outlook. Crypto Fella, the market expert responsible for this analysis, has shownvia a chart that BTC is consolidating within a rectangular band, reflecting a pause in momentum after a sharp upward move earlier in the quarter. Related Reading Bitcoin Price Crash Trigger To $96,000: The Head And Shoulders Pattern That’s Forming 22 hours ago
The crypto analyst has boldly asserted that as long as Bitcoin continues to trade within the range above, there should be little cause for concern for another major crash. However, if the $100,000 mark fails to hold, the next likely target for downside movementis between $97,000 and $95,000, representing a 9.56% and 7.66% decline from current levels, respectively. BTC trading at $104,789 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Getty Images, chart from Tradingview.com