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Bitcoin (BTC), the world’s largest cryptocurrency, has just triggered a rare and historic Golden Cross, signaling the start of another major bull run. This technical formation has mostly preceded explosive price surges in the past. Surprisingly, the market is expected to respond with a sharp but short-term pullback, with a crypto analyst calling for a flash sale.
Golden Cross Sets Stage For Bitcoin Flash Sale
According to a new analysis posted on X (formerly Twitter) by market expert Kyle Chasse, a Golden Cross pattern has emerged on the Bitcoin price chart. Historically, this technical signal has marked the beginning of some of Bitcoin’s most dramatic and sustained bull rallies. However, Chasse warns that this particular Golden Cross could trigger a short-term BTC flash sale before the real rally begins.
The analyst revealed that in 2016, a Golden Cross preceded a 139% climb in the BTC price. Similarly, the same pattern appeared in the 2017 bull market, triggering an unprecedented 2,200% explosion that defined one of the most powerful BTC rallies.
In 2020, Bitcoin also surged over 1,190% after a Golden Cross emerged, fueling a rise to its former ATH of around $69,000. Now, with the flagship cryptocurrency hovering in the six-figure territory, Chasse suggests that the current Golden Cross may not follow the familiar script of past bull markets.
Rather than an explosive surge, the analyst predicts a 10-15% short-term price dip following the Golden Cross. This pullback is anticipated to precede a new rally targeting the $98,000 – $101,000 range, which the analyst describes as a reload zone where buyers can position themselves before the final blastoff to $320,000.
Most importantly, this brief price correction isn’t seen as a sign of weakness but as a strategic buying opportunity — a “flash sale” on Bitcoin. That said, Chasse’s analysis also cautions traders and investors to stay vigilant.
During Bitcoin-led corrections, alternative cryptocurrencies tend to suffer more severe declines. As a result, the market analyst expects altcoins to shed 30-40% of their value in the coming dip.
Analyst Sets $160,000 Bitcoin Price Target By Q4
Bitcoin has climbed above $110,000 again, signaling a potential shift into the most aggressive phase of the current bull cycle. According to crypto analyst Cas Abbe, this move places the market in a key historical price zone that previously marked the beginning of BTC’s parabolic rallies in 2013, 2017, and 2021.
Abbe’s macro analysis chart compares Bitcoin’s past market cycles, suggesting that the current structure is closely mirroring those of previous bull runs. With the flagship cryptocurrency now reclaiming a strong position above $110,000, the analyst predicts that Bitcoin will soon enter a price discovery mode where parabolic rallies happen.
Source: Cas Abbe on X
Forecasts are now pointing to a potential move toward $130,000 by July, followed by a climb to $160,000 by the fourth quarter of 2025. The analyst has even projected a potential price peak of $230,000.
BTC trading at $109,680 on the 1D chart | Source: BTCUSDT on Tradingview.com
Featured image from Getty Images, chart from Tradingview.com
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