Bitcoin (BTC) recently triggered a Golden Cross, a technical pattern often signaling a bullish trend. Analyst Kyle Chasse suggests a potential short-term pullback before a significant rally. This analysis was shared on X (formerly Twitter).
Historically, Golden Cross patterns have preceded notable price increases. Chasse anticipates a possible 10-15% price dip before a rally targeting the $98,000 - $101,000 range. This dip is considered a buying opportunity before a potential climb to $320,000.
Analyst Cas Abbe notes Bitcoin's rise above $110,000, indicating a potentially aggressive bull cycle phase. Forecasts suggest a move toward $130,000 by July and $160,000 by Q4 2025, with a possible peak of $230,000. Altcoins are expected to decline 30-40% during Bitcoin's correction, according to Chasse.