Based on Coinpedia, Bitcoin has formed its fifth Golden Cross since 2020, a technical signal historically linked to major price rallies. Popular trader Merlijn The Trader suggests this could drive a 45%–50% increase, potentially pushing Bitcoin toward $130,000 in the coming months. The signal typically appears during periods of low confidence and has preceded gains of 33% to 87% in past cycles. However, Bitcoin is currently trading near $86,600 and faces short-term selling pressure near the $90,000–$95,000 zone, with most recent buying activity coming from derivatives traders.
Bitcoin Price Could Rally 45% as Fifth Golden Cross Appears Since 2020
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Summary
Bitcoin price today has formed its fifth Golden Cross since 2020, a technical signal historically tied to major price rallies. Merlijn The Trader notes this could spark a 45%–50% surge, pushing Bitcoin price prediction targets toward $130,000. The pattern has historically preceded gains of 33% to 87%. Bitcoin price today is near $86,600, facing resistance at $90,000–$95,000, with derivatives traders leading recent buying.
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