Bitcoin is testing a major technical pattern that, in the past, has often marked the start of historic rallies. As the crypto attempts a golden cross again, crossing the 50 and 200 day moving averages, eyes are turning towards the threshold of $110,000. This key level could reignite the market's bullish momentum if it holds. If it gives way, some analysts fear a sudden reversal of the cycle.
In brief
- Bitcoin is retesting a golden cross, a bullish technical pattern observed during previous bull runs.
- Analyst Mister Crypto recalls that this signal had preceded increases of +2,200% in 2017 and +1,190% in 2020.
- The $110,000 threshold is identified as critical: crossing it and staying there could trigger a new rally.
- The Mac analyst tempers expectations and warns that a breakout of this level could mark the end of the current cycle.
The golden cross: towards an explosive recovery?
In a message published on Sunday on X, analyst Mister Crypto highlighted that bitcoin is currently in the retesting phase of a “golden cross”a technical figure perceived as bullish already detected in July.
This crossover occurs when the 50-day moving average crosses above the 200-day moving average, often signaling a trend reversal in favor of buyers. “The setup seems extremely solid”wrote Mister Crypto, adding that a confirmed breakout could “literally explode” the price of bitcoin in the coming weeks.
He also recalls that previous golden crosses had preceded massive increases: +2,200% in 2017 and +1,190% in 2020.
According to the analyst, the validity of this setup now depends on BTC remaining above $110,000. This threshold represents a crucial pivot point for the activation of a potential upward movement. Technical data cited evoke clear precedents:
- In 2017, a golden cross preceded a 2,200% rally;
- In 2020, the same technical pattern preceded a surge of 1,190%;
- The current signal is considered to be “incredibly strong”in the words of Mister Crypto;
- Maintaining above $110,000 could trigger a new, potentially parabolic, upward phase.
The golden cross thus acts as a powerful psychological catalyst on the market, fueling expectations of a new bullish cycle with high potential for bitcoin. However, this signal is conditioned by the holding of key levels, in a demanding technical context.
Technical threats and macroeconomic pressures
Contrary to this resolutely optimistic reading, other analysts adopt a more measured stance. This is the case of Mac, also active on
“If BTC breaks below, it could mark the end of the current cycle”he warns. It relies in particular on the MFI (Money Flow Index) in 4-hour units, which it describes as “deeply oversold”suggesting a potential rebound in the short term, but without necessarily triggering an immediate surge.
At the same time, the macroeconomic environment reinforces the ambient uncertainty. Tom Lee, co-founder of Fundstrat, notes that the recent correction in equity markets may be a simple adjustment after a 36% rise since April.
It highlights the peak of the VIX, a volatility indicator, up 1.29% last Friday, the 51th strongest historical progression. “If someone asks me: will we be higher in a week? I would say the chances are really good”he indicates.
At the same time, Donald Trump's announcements concerning the introduction of 100% customs tariffs on Chinese imports from 1er November fuel a climate of risk aversion. China, remember, controls around 70% of the world's supply of rare earths, strategic elements for the technology industry.
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