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Bitcoin’s Golden Cross Suggests A Leap To $150,000 Is Possible
In the latest bitcoin news, Bitcoin (BTC) is demonstrating a potential repeat of the historic Golden Cross pattern, which previously triggered a significant price surge. Despite a recent pullback to the $100,000 mark causing concern among investors, this development is seen as part of a larger bullish trend that might propel Bitcoin to new heights.
The Significance of the Golden Cross
Bitcoin has shown the Golden Cross, a key bullish indicator, sparking optimism for an upcoming major rally. A crypto analyst from Chain Mind suggests that Bitcoin could soar to $150,000 if this pattern follows its historical trajectory. The last occurrence in November 2024 led to a 10% price drop immediately after the cross, which was quickly followed by a robust 62% rally.
Currently, as of early June 2025, Bitcoin’s movements are mirroring those from the previous year. After a recent 8% decline, projections indicate a possible 51% increase from this correction’s low point, potentially setting the price at around $150,000 by the end of 2025.
Bitcoin’s Current Market Dynamics
Bitcoin’s recent dip to the $100,000 region is identified as a potential local bottom with the Golden Cross poised to catalyze the next bullish phase. With the price already rebounding to $105,050, a continued 51% rise could elevate it to approximately $158,625, completing the historical pattern.
Critical Levels to Watch
Despite the prevailing optimistic view, Bitcoin is trading within a crucial range between $100,000 and $112,049. This range is vital for maintaining the current bullish momentum. Crypto Fella, a market analyst, highlighted that Bitcoin is consolidating in this zone, indicating a pause after a recent sharp rise. Should Bitcoin fall below $100,000, it might target lower supports at $97,000 and $95,000, reflecting declines of 9.56% and 7.66%, respectively.
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