Bitcoin (BTC) price prediction: Bitcoin may form a "golden cross", historically marking a strong upward trend.

According to Gate news from Coindoo, Bitcoin (BTC) is once again attracting attention as it consolidates below its historical high and strongly maintains above $105,000. Market fluctuations have not shaken investor confidence, and an increasing number of technical and on-chain signals have sparked speculation that price discovery is about to break through.

Analyst Ali (@ali_charts) pointed out that the key area around $109,000 to $112,000 is the range where BTC price has repeatedly stagnated. However, this time, its potential strength seems more solid. A notable key indicator is the possible formation of a "golden cross" between Bitcoin's MVRV ratio and its 30-day simple moving average - this pattern has historically marked the beginning of a strong upward trend.

(Source: X, Santiment)

Recent geopolitical tensions have suppressed overall risk appetite, but as signs of stability emerge between the United States, Israel, and Iran, investor sentiment is recovering. Bitcoin has seized the opportunity of the resurgence in risk appetite, rebounding significantly and regaining momentum to break through major short-term support levels.

The technical chart shows that BTC is steadily rising, with lows consistently getting higher, especially in the 4-hour time frame. It remains above the key moving averages, reinforcing the bullish position. However, despite the market conditions favoring buyers, the trading volume remains sluggish—suggesting that the market is waiting for a clear trigger before further upward movement.

If it breaks through 109,300 USD with strong trading volume, it may open up unknown territory and reignite the general upward trend of cryptocurrencies. On the other hand, if it fails to break through the resistance level, it may prolong the consolidation phase.

As the days go by in the future, everyone's attention will be focused on Bitcoin. A decisive action may determine the next chapter of the bull market cycle and may even dictate the direction of the entire market.

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