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Key Takeaways:
- Bitcoin’s 50-day SMA has crossed above its 200-day SMA—historically a signal for major bull runs.
- A daily close above this level could trigger BTC’s next breakout, with targets around $135K to $155K.
- Bitcoin’s current pause is fueling altcoins, but bullish momentum for BTC is likely to resume soon.
Bitcoin (BTC) is flashing a classic bullish technical signal as analysts eye a potential run toward $155,000. With a new golden cross confirmed on the daily chart, momentum is building for what could be the next major leg of the 2025 bull market.
Golden Cross Returns as BTC Eyes the Sky
A “golden cross” occurs when the 50-day simple moving average (SMA) crosses above the 200-day SMA—historically a sign of strong upside potential. According to crypto trader Merlijn, who posted the signal on X, “Every. Single. Time. This signal shows up $BTC goes vertical.”
THE BITCOIN GOLDEN CROSS JUST HIT
— Merlijn The Trader (@MerlijnTrader) July 17, 2025
Every. Single. Time. This signal shows up $BTC goes vertical:
2016 → +139%
2017 → +2200%
2020 → +1190%
Now it’s flashing again in 2025.
Same setup. Same signal.
Miss this and you’ll remember it forever.
Bitcoin is about to leave orbit. pic.twitter.com/dmScdEFClh
The last significant golden cross in October 2024 saw BTC jump from $65,000 to nearly $110,000 within three months. While the current cross, confirmed on May 22, has only pushed Bitcoin 12% higher so far, traders see it as the beginning of something bigger.
If Bitcoin were to repeat even the smaller gains seen in previous cycles, a move to $155,000 remains within reach, especially if price action mimics the 2016 short-term cross pattern.
Consolidation Beneath $120K Could Spark Breakout
Despite the bullish setup, Bitcoin remains trapped under the critical $120,000 resistance level. Trader Rekt Capital noted on Friday that a daily close above this mark, followed by a successful retest, would likely confirm a breakout to new all-time highs.
“Daily close above ~$120k range high resistance followed by a post-breakout retest would see Bitcoin confirm a breakout to new highs,” he shared on X.
This key technical level has become a psychological barrier, with many market participants watching for a strong close above it to signal the next move.
Altcoins Gain as Bitcoin Consolidates
While Bitcoin trades sideways, altcoins are benefiting from temporary capital rotation. Rekt Capital observed that the current BTC consolidation phase is allowing capital to flow into the altcoin sector, boosting the broader crypto market.
Also Read: Satoshi-Era Bitcoin Whale Moves $9.6B to Galaxy Digital After 14 Years of Holding
Still, many traders believe this is only a pause in Bitcoin’s larger uptrend, especially given the historical success rate of golden crosses.
With technical indicators flashing green and resistance levels within striking distance, Bitcoin’s golden cross may once again serve as a launchpad—potentially sending BTC price into uncharted territory.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
