Bitcoin’s Golden Cross Hints at $150K Surge—Brace for the Bull Stampede
Bitcoin just flashed its most bullish signal since the last halving—the golden cross is here, and traders are betting big on a run past $150K.
For the uninitiated: A golden cross occurs when Bitcoin’s 50-day moving average punches above its 200-day average. Historically, it’s been a launchpad for parabolic rallies. This time? The charts suggest a moonshot—assuming Wall Street doesn’t ‘efficiently allocate’ all the gains into red tape and fees.
With institutional FOMO creeping back in, the real question isn’t if BTC breaks six figures—it’s how fast the suits will try to tame it.
BTC technicals flash bullish patterns
On the 1-day BTC/USDT chart, Bitcoin has flipped the 21-day EMA into support after weeks of acting as resistance. More importantly, the 50-day SMA (blue) just crossed above the 200-day SMA (green), forming the highly watched golden cross pattern. Historically, BTC rallied over 37% in just 3 months following a similar pattern in October 2024.
On the weekly chart, BTC has also broken out of a bull flag pattern, a classic bullish continuation setup where the price consolidates downward after a strong upward move.
The measured target of this breakout points toward $150,000, matching projections based on the flagpole height added to the breakout zone. If the golden cross plays out fully, the next realistic stop could be around $153,600.
Veteran trader Peter Brandt acknowledged BTC’s new highs but reminded followers that hitting all-time highs is just what bull markets do. In an earlier May 1 X post, he predicted that Bitcoin could reach the bull market cycle top in the $125k to $150K level by Aug-Sep 2025, although he warned of a possible 50% correction afterwards.
Meanwhile, analyst Gert van Lagen is far more bullish, predicting BTC could reach $300K to $320K by the end of the bull cycle. He based his outlook on a breakout from a 4-year Megaphone Pattern, which features widening price swings and often precedes sharp moves upward.
Short-term risks still in play
Despite the overwhelming bullish momentum, a short-term pullback can’t be ruled out. BTC’s RSI and Stochastic Oscillator have both entered overbought territory, indicating the rally may be due for a pause or short-term consolidation.
If that happens, Bitcoin could briefly fall toward its support zone NEAR $93,500, which lines up with its simple moving average supports.
So, while a run toward $150K looks increasingly likely, it may not happen in a straight line. A short-term correction could offer a healthier setup for long-term gains.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
