Bitcoin has triggered the Golden Cross signal for the fourth time, a significant technical indicator that has historically preceded substantial price rallies. Crypto analyst 'Merlijn The Trader' noted this development, highlighting its potential to push Bitcoin's price beyond $200,000, with some analyses suggesting a surge to nearly $400,000. The Golden Cross, a rare occurrence, has previously led to new all-time highs for Bitcoin.
Additionally, analyst Mags pointed out the importance of Bitcoin's bull market support bands, which have consistently provided critical support during past cycles. This foundation suggests a strong bullish outlook for Bitcoin's price trajectory in 2025.
Bitcoin's Fourth Golden Cross Signals Potential Major Rally
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.