Bitcoin is testing the golden cross, a bullish signal that historically preceded major rallies.
Analysts say holding above $110,000 could trigger another parabolic surge.
The setup looks incredibly strong
A confirmed breakout could “absolutely explode” Bitcoin’s price in the coming weeks, according to crypto market analyst Mister Crypto.
Bitcoin’s previous golden crosses led to gains of 2,200% in 2017 and 1,190% in 2020.
Author summary: Bitcoin nears golden cross breakout.