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.
A break above $110,000 could trigger another move, with analysts expecting a major rally.
Author summary: Bitcoin retests golden cross, may trigger major rally.