Analysts Eye Golden Cross Repetition For Potential

Analysts Eye Golden Cross Repetition For Potential Bitcoin Price Surge

According to Merlijn The Trader, a market analyst, Bitcoin recently printed a golden cross on the weekly chart — a pattern he describes as “the signal that never misses.” He points out that the past golden crosses in 2016, 2017, and 2020 were accompanied by rallies of 139%, 2200%, and 1190% respectively. According to him, the same setup is taking shape in 2025 with the same structure and traction. 

Such continuity in history has prompted him to indicate that the signal may again serve as rocket fuel. Therefore, the long term Bitcoin price forecast has turned increasingly optimistic as this pattern reappears.

On the daily chart, Bitcoin is trading above an ascending trendline support that has so far held since April. The price just rebounded off about the $112K mark and is currently trading around the $116K mark with the $117.5K as the immediate resistance at around 0.236 Fib level. 

A breakout above this zone could pave way to $121K and $123.8K that represent the 0.382 and 0.5 Fibonacci extension respectively. RSI is at 53, which is a neutral momentum and not overbought. 

But a failure to maintain above the trendline may provoke a correction to the level of $112K. Thus, the future direction of Bitcoin depends on whether bulls will be able to sustain above this pivotal structure.