Bitcoin has formed a Golden Cross on the weekly chart, a bullish technical indicator where the 50-week moving average surpasses the 200-week moving average. Historically, this pattern has led to significant price increases, with past occurrences in 2015, 2016, and 2019 resulting in gains of 264%, 2,200%, and 1,190%, respectively. As of August 31, 2025, Bitcoin is trading near $109,500, with analysts watching for a breakout. Crypto analyst Gordon suggests that both Bitcoin and altcoins may be set for a strong move, while Lennaert Snyder identifies $110,100 as a critical resistance level. Despite a 6.5% drop in August, Tom Tucker notes the potential for a Q4 rebound if the $100K support holds. Traders are closely monitoring resistance zones for signs of a market shift.