Bitcoin’s price has just flashed a Golden Cross, a signal seen only three times in the past decade. Historically, this has led to significant price rallies. Analysts are hopeful that Bitcoin could rise above $200,000 in the near future, with some targeting $110,000 as a next potential peak in this bullish cycle.
A rare Golden Cross has recently emerged on Bitcoin’s weekly chart, a signal that typically appears merely once each market cycle. Historically, such crosses have led to explosive upward movements in Bitcoin’s price, so analysts are keen to see if this instance could herald a significant bullish phase ahead.
Essentially, a Golden Cross happens when a shorter-term Moving Average (MA) crosses above a longer-term MA. In Bitcoin’s case, the 50-week MA typically crosses above the 20-week MA. This formation is often interpreted in the crypto community as a bullish sign, which can indicate a reversal of trend or the start of a new price uptrend. However, caution is still advised as it’s not a guarantee of profit, but definitely something to monitor closely.
According to crypto analyst Merlijn The Trader on X (formerly Twitter), this latest Golden Cross marks the fourth occurrence in the past decade. Historically, each time this has happened, Bitcoin has seen a sharp rise in its price. For instance, back in 2016, Bitcoin surged 139% post-Golden Cross. Then in 2017, it really took off with a heavenly 2,200% increase, making headlines around the globe as the cryptocurrency market captured unprecedented attention.
Fast forward to 2020, during an exhilarating bull market, Bitcoin constructed the same Golden Cross pattern. That led to a significant rally tallied at 1,190%, pushing Bitcoin’s price skyward to its then all-time high of nearly $69,000 in 2021. Now, this rare signal reappears in 2025, about five years since the last Golden Cross, and many are speculating whether another monumental rally could follow. Analysts are looking at the formation closely, drawing parallels to previous cycles that delivered remarkable return on investment.
The exact growth percentage is uncertain, but given the patterns of the past, excitement is building. There’s a prediction from notable analysts suggesting Bitcoin could soar past $200,000. Also on the radar, analyst Crypto Caeser has been bullish on Bitcoin’s prospects. He asserts a new all-time high (ATH) could be on the horizon, even as some suggest the peak was reached during Donald Trump’s inauguration at $109,000.
Crypto Caeser believes that rather than being at its zenith, Bitcoin may likely climb to a “weak high” of $110,000. He emphasises the importance of the key support level around $90,000, designating it as a prime buying zone for investors looking to capitalise on potential upward momentum in the market.
