Bitcoin (BTC) Golden Cross Ignites Supercycle: $120K Target Now in Play as Bulls Take Control
Bitcoin's golden cross just flashed its most bullish signal since 2020—and this time, Wall Street can't ignore it.
The technical formation—where the 50-day moving average punches through the 200-day—has historically preceded parabolic rallies. Now traders are eyeing six figures as institutional FOMO meets retail euphoria.
Forget 'crypto winter.' The charts scream one thing: Accumulation season is over.
(And just in time for hedge funds to pretend they understood blockchain all along.)
As long-term holders continue accumulating and macro conditions stabilize, analysts say this setup could ignite a new chapter for Bitcoin’s price trajectory.
Bitcoin Price Today: Momentum Builds Near $120K Resistance
Bitcoin news today centers on a crucial technical development—the emergence of a golden cross on Bitcoin’s daily chart. The 50-day simple moving average (SMA) has crossed above the 200-day SMA, forming a pattern that historically precedes significant bull markets. After surging past $100,000 earlier in 2025 and correcting to the $75,000 range, Bitcoin price today is consolidating just below the $120,000 resistance level.
Bitcoin is holding above key support at $115,798 after a small correction. As long as this level holds, bulls may push toward the $123,373 target zone. Source: Forex_Gold_Team01 on Tradingview
This technical formation—while not always reliable—has often marked the beginning of explosive rallies. In previous cycles, similar golden crosses sparked price surges of 139% in 2016, 2,200% in 2017, and 1,190% in 2020. If history repeats, Bitcoin price prediction models could soon be pointing to a steep climb past the current all-time high.
Bitcoin Technical Analysis: Golden Cross Reappears
The latest Bitcoin technical analysis was highlighted by crypto trader Merlijn, who emphasized the pattern’s consistency in previous bull cycles. “Now it’s flashing again in 2025. Same setup. Same signal. Miss this and you’ll remember it forever,” Merlijn posted on X. He described the formation as a potential launchpad for Bitcoin’s next parabolic move.
Bitcoin is heating up again — get ready for the next big move! Source: @MerlijnTrader via X
Technical indicators like the bitcoin RSI (Relative Strength Index) remain neutral to bullish, suggesting that BTC still has room to run before hitting overbought conditions. On-chain metrics including the MVRV Z-Score and Value Days Destroyed (VDD) further support the bullish case, signaling accumulation by long-term investors and a healthy market foundation.
However, not all golden crosses guarantee massive gains. Bitcoin saw modest price movements—only 50% and 45% increases—after similar crossovers in 2021 and 2023, primarily because the 50-day SMA failed to hold above the 200-day average for long. Sustained crossover strength remains key for a breakout to occur.
Bitcoin Halving 2025 and Whale Accumulation Could Fuel Rally
Another reason for the mounting Optimism is the anticipation of the Bitcoin halving in 2025, expected to occur in the first half of the year. Historically, halving events have led to reduced BTC issuance and increased scarcity, serving as a powerful driver for long-term appreciation.
Bitcoin (BTC) was trading at around $117,930, down 0.47% in the last 24 hours at press time. Source: Bitcoin Liquid Index (BLX) via Brave New Coin
Meanwhile, recent Bitcoin whale alerts show significant accumulation by large holders. These entities are often seen as smart money, and their activity typically aligns with early-stage bull runs. Combined with the upcoming halving, this accumulation trend paints a compelling picture for BTC’s future.
Bitcoin miners have also reported increased revenue in recent months, indicating continued interest in network participation despite previous price volatility. This trend underscores growing confidence in Bitcoin’s long-term fundamentals.
Expert Insights: $120K Breakout is the Key Trigger
Market analyst Rekt Capital weighed in on the current setup, stressing the importance of a confirmed breakout. “BTC needs a daily close above $120,000 and a successful post-breakout retest,” he said, warning that failure to reclaim this level could delay upward momentum. Until then, Bitcoin continues consolidating while capital rotates into altcoins.
Bitcoin hits new highs for the third time! If it stays above $120K, the next breakout begins. If not, altcoins might steal the spotlight! Source: Rekt Capital via X
However, the broader macroeconomic setting is also positive. As inflation is easing and interest rates are stabilizing, Bitcoin’s role as an anti-inflation hedge may fall back into favor among institutions. Continued work on infrastructure like the Bitcoin Lightning Network and ETF speculation further buoyed the sentiment.
Furthermore, should the SEC’s highly anticipated approval of a Bitcoin ETF come later in the year, it will potentially unleash a new wave of institutional capital, complementing the golden cross signal with a powerful external catalyst.
Final Thoughts: BTC Next Move Hinges on $120K Breakout
In the future, the next BTC action may be dependent on whether bulls are able to pierce above the $120,000 resistance level and remain above levels. Once Bitcoin pierces above this level and maintains a clean golden cross signal, the setup WOULD be in place for a move to $150K or higher in the coming quarters.
While past performance never guarantees future outcomes, technical and on-chain metrics appear to point towards a bullish direction. For now, investors are watching closely as Bitcoin today hangs in the balance of a massive breakout—and potentially a record-breaking price rally.
As momentum builds, the question on everyone’s mind is no longer if Bitcoin will surge—but when.
