A notable analyst has suggested that Bitcoin price often observes massive upsurges shortly after a golden cross pullback.
Notably, Bitcoin price recently climbed to a new all-time high of $112,000, but the rally met resistance. The price pulled back, with BTC now trading at $104,372, a 2.73% drop over the past week.
Despite this dip, Chain Mind, a well-followed crypto analyst, believes this is nothing unusual. In fact, he expects a strong rebound, predicting that Bitcoin could reach $150,000 by the end of 2025.
Bitcoin Price Always Rallies After Golden Cross Pullback
In his recent analysis, Chain Mind pointed to the golden cross pattern, where the 50-day moving average crosses above the 200-day moving average. Notably, traders usually see this as a bullish sign. However, the analyst says Bitcoin often drops right after this signal before urging.
He called attention to a similar moment in late 2024 when Bitcoin fell 10% following a golden cross. However, after this pullback, it surged more than 60% over the next two months. Chain Mind sees the same setup unfolding now. For context, the Bitcoin price has already fallen 8% since its latest golden cross.
He believes this recent correction could lead to a major rally, just like before. For him, the key is patience. Essentially, the golden cross does not bring instant gains, but it often marks the beginning of a larger uptrend.
Here’s Why Bitcoin Price Action Still Looks Strong
Right now, the Bitcoin price action still looks strong over the long term. Specifically, it trades well above the 200-day moving average, which currently sits near $94,700.
As long as Bitcoin holds above this support line, Chain Mind says there is no reason to doubt the broader bullish trend. If support holds, he expects the next leg higher to begin soon, with $150,000 as a realistic target by the end of the year, aligning with Peter Brandt’s prediction.
Also, one major trend backing this view is the rise in Bitcoin dominance, now at its highest level in more than three years. Investors continue to move funds into Bitcoin while pulling money out of altcoins.
For instance, Ethereum (ETH) struggles to stay above $2,500, and many smaller crypto assets have hit fresh all-time lows. Chain Mind believes this is a sign that individual traders and large institutions prefer the safety and strength of Bitcoin during uncertain times.
He also pointed out that altcoins are not just lagging behind Bitcoin but also losing value even against the dollar. Many have broken through key support levels, which shows the market’s appetite for risk remains very low.
Whales Prefer Bitcoin During Uncertainty
This suggests that large investors are currently not rushing into speculative bets. Instead, they’re buying Bitcoin and avoiding the rest. This trend is evident in massive Bitcoin purchases by firms like Strategy and Metaplanet, as well as ETF inflows.
Chain Mind suggested that even though prices are choppy, long-term holders aren’t selling. On-chain data shows that a huge portion of Bitcoin supply remains untouched, which supports the view that the long-term trend still leans bullish.
Bitcoin Long-Term Holders
To see altcoins bounce back, Chain Mind says two things need to happen. First, Bitcoin must hold above key support, and second, market sentiment must shift. Until that happens, money will likely stay with Bitcoin. He added that a real altcoin rally won’t start until pairs like ETH/BTC and SOL/BTC begin to rise.
