Bitcoin (BTC) Price Prediction: Bitcoin Golden Cross Signals Major Bull Run Above $120K
The post Bitcoin (BTC) Price Prediction: Bitcoin Golden Cross Signals Major Bull Run Above $120K appeared on BitcoinEthereumNews.com.
Bitcoin is flashing one of its most powerful technical indicators—a golden cross—stirring predictions of a fresh bull run that could push BTC well above $120,000. As long-term holders continue accumulating and macro conditions stabilize, analysts say this setup could ignite a new chapter for Bitcoin’s price trajectory. Bitcoin Price Today: Momentum Builds Near $120K Resistance Bitcoin news today centers on a crucial technical development—the emergence of a golden cross on Bitcoin’s daily chart. The 50-day simple moving average (SMA) has crossed above the 200-day SMA, forming a pattern that historically precedes significant bull markets. After surging past $100,000 earlier in 2025 and correcting to the $75,000 range, Bitcoin price today is consolidating just below the $120,000 resistance level. Bitcoin is holding above key support at $115,798 after a small correction. As long as this level holds, bulls may push toward the $123,373 target zone. Source: Forex_Gold_Team01 on Tradingview This technical formation—while not always reliable—has often marked the beginning of explosive rallies. In previous cycles, similar golden crosses sparked price surges of 139% in 2016, 2,200% in 2017, and 1,190% in 2020. If history repeats, Bitcoin price prediction models could soon be pointing to a steep climb past the current all-time high. Bitcoin Technical Analysis: Golden Cross Reappears The latest Bitcoin technical analysis was highlighted by crypto trader Merlijn, who emphasized the pattern’s consistency in previous bull cycles. “Now it’s flashing again in 2025. Same setup. Same signal. Miss this and you’ll remember it forever,” Merlijn posted on X. He described the formation as a potential launchpad for Bitcoin’s next parabolic move. Bitcoin is heating up again — get ready for the next big move! Source: @MerlijnTrader via X Technical indicators like the Bitcoin RSI (Relative Strength Index) remain neutral to bullish, suggesting that BTC still has room to run before…
Filed under: News - @ July 20, 2025 9:28 pm