Bitcoin (BTC) To Bounce Back? Golden Cross Fractal Suggests Bullish Continuation

Date: Fri, May 30, 2025 | 08:50 AM GMT

The cryptocurrency market witnessed a sharp pullback over the past few hours, sending major tokens into the red. Bitcoin (BTC) briefly dipped to a low of $104,684, a drop of over 6% from its recent all-time high of $111,917. This drop triggered heavy liquidations, wiping out over $693.18 million in positions — with $628.10 million coming from long trades alone.

Amid the ongoing sell-off, Bitcoin is currently trading around $105K, and now a familiar technical pattern — the Golden Cross fractal — is flashing a potential bullish continuation signal, hinting that the bulls might soon regain control.

Source: Coinmarketcap

Golden Cross Fractal Suggests Bullish Continuation

According to insights from prominent crypto analyst @MikybullCrypto , Bitcoin’s recent price action mirrors a recent bullish pattern from late 2024. In both instances, BTC printed a Golden Cross on the daily chart — when the 50-day moving average (blue line) crossed above the 200-day moving average (red line) — a classic bullish signal in technical analysis.

In the October 2024 setup (top half of the chart), BTC formed a rising wedge pattern post-Golden Cross, then experienced a brief dip before exploding upward. This rally took Bitcoin from sub-$70,000 levels all the way above $100,000.

BTC Golden Cross Fractal/Source: @MikybullCrypto (X)

Now, in May 2025, the lower half of the chart shows a nearly identical structure forming. After another Golden Cross printed earlier this month, BTC once again formed a rising wedge followed by a short-term dip — eerily similar to the October fractal.

This fractal suggests that the repetition is no coincidence and signals a likely bullish continuation, with the potential for BTC to surge toward $125,000+ if the pattern holds.

Final Thoughts

The fractal suggests that current price weakness might be nothing more than a healthy correction before another leg up. This is further supported by the fact that Bitcoin continues to hold above the 50-day MA, keeping the broader uptrend intact.

Despite the recent drop and heavy liquidations, historical patterns are hinting that Bitcoin may be gearing up for a strong rebound. The Golden Cross fractal has played out before — and if it does again, the bulls could be in for a major comeback.

Still, traders should proceed with caution as crypto markets remain volatile. Confirmation of the bounceback will likely come if BTC reclaims the $108,000–$110,000 range with volume.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.