Notable analysts suggest that Bitcoin prices often observe large far-reaching waves just after the golden cross pullback.
Notably, Bitcoin prices have recently risen to a new all-time high of $112,000, but the rally has met the resistance. Prices have been retractedBTC is currently trading at $104,372 and at 2.73% Drop it last week.
Despite this dip, Chain Mind is a properly and appropriate crypto analyst and thinks this is not uncommon. In fact, he expects a strong rebound and predicts that Bitcoin could reach $150,000 by the end of 2025.
Bitcoin prices always rise after Golden Cross Pullback
His most recent analysisChain Mind was referring to a golden cross pattern where the 50-day moving average crosses above the 200-day moving average. In particular, traders usually see this as a sign of bullishness. However, the analyst say Bitcoin often drops right Before after this signal prompt.
He called attention at a similar moment when Bitcoin fell 10% in late 2024, following Golden Cross. However, after this pullback, it has skyrocketed by more than 60% over the next two months. Chain Mind I’ll see The same setup is deployed. In the context, Bitcoin prices have already fallen 8% since the latest Golden Cross.
He believes this recent revision could lead to a massive gathering, just like before. For him, the key is patience. Essentially, golden crosses don’t immediately benefit, but often mark the beginning of a larger uptrend.
Here’s why Bitcoin’s price action still looks strong
now, Bitcoin Price The action still looks strong in the long run. Specifically, it is well above the 200-day moving average. I’m sitting nearby $94,700.
As long as Bitcoin holds above this support line, the chain mind says there is no reason to doubt the broader bullish trend. If he gets support, he expects the next leg to start soon. $150,000 is a realistic target by the end of the year. Peter Brandt’s prediction.
Alsoone big trend backing This view is an increase in Bitcoin domination and is currently at its highest level More Three years. Investors continue to move their funds to Bitcoin pull money Out Altcoin.
For example, Ethereum (ETH) struggles to exceed $2,500, with many small crypto assets reaching fresh lows. The Chain Mind believes this is a sign that individual traders and large institutions prefer Bitcoin’s safety and strength in times of uncertainty.
He too It was pointed out That altcoin isn’t just It’s behind Bitcoin It also loses its value against the dollar. Many have surpassed key support levels, indicating a very low market appetite for risk.
Whales prefer bitcoin during uncertainty
This suggests that large investors are not currently in a hurry to speculative bets. Instead, they buy bitcoin and avoid the rest. This trend is evident in strategies and large-scale Bitcoin purchases by such companies. Metaplanet and ETF inflow.
Chain mind suggested that prices are choppy but not long term holders are selling. On-chain data show That a Huge Part of the Bitcoin supply does not support the view that long-term trends remain bullish.
Long-term Bitcoin holders
To see Altcoins bounce, go to Chain Mind say Two things are needed. First, Bitcoin needs to be held beyond key support, and second, market sentiment must change. Until that happens, the money will likely remain in Bitcoin. He added that Authentic I don’t do Altcoin Rally start Even pairs like ETH/BTC and SOL/BTC start It rises.