The Bitcoin market is once again gaining traction as it is experiencing major technical indicators and macro events. The optimism has been boosted by the nomination of pro-Bitcoin economist Stephen Miran by President Donald Trump to the Federal Reserve Board. The revival of historical trends, including the golden cross, and changes in policies have increased the attention to the mid-term prospects of Bitcoin.
Analysts Eye Golden Cross Repetition For Potential Bitcoin Price Surge
According to Merlijn The Trader, a market analyst, Bitcoin recently printed a golden cross on the weekly chart — a pattern he describes as “the signal that never misses.” He points out that the past golden crosses in 2016, 2017, and 2020 were accompanied by rallies of 139%, 2200%, and 1190% respectively. According to him, the same setup is taking shape in 2025 with the same structure and traction.
Such continuity in history has prompted him to indicate that the signal may again serve as rocket fuel. Therefore, the long term Bitcoin price forecast has turned increasingly optimistic as this pattern reappears.
On the daily chart, Bitcoin is trading above an ascending trendline support that has so far held since April. The price just rebounded off about the $112K mark and is currently trading around the $116K mark with the $117.5K as the immediate resistance at around 0.236 Fib level.
A breakout above this zone could pave way to $121K and $123.8K that represent the 0.382 and 0.5 Fibonacci extension respectively. RSI is at 53, which is a neutral momentum and not overbought.
But a failure to maintain above the trendline may provoke a correction to the level of $112K. Thus, the future direction of Bitcoin depends on whether bulls will be able to sustain above this pivotal structure.
Is the Bitcoin Bull Run Over Or There Is Another Rally Ahead
On-chain metrics add more weight to the bullish narrative as well, with the Stock-to-Flow (S2F) ratio hitting new a high at 154. This metric shows that Bitcoin is becoming scarcer and is generally a sign of solid demand cycles.
At the same time, the MVRV Z-score, at 2.667, is not overheated yet, indicating that it has the potential to grow without indicating the maximum market risk. These conditions are commonly observed during early expansion stages.
Therefore, on-chain fundamentals support a positive long-term outlook. Together with macro and technical indicators, the current position of Bitcoin indicates the possible convergence of another significant rally.
In conclusion, as bullish signals flash all over the board, Bitcoin seems to be on another possible breakout. The golden cross, macro policy changes and robust on-chain patterns offer support in layers. But the support of key trendline levels is still crucial in confirming the next leg up. If these conditions continue, Bitcoin price may be setting up for a big move in the coming months.
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Trump’s Fed Nominee Boosts Pro-Crypto Policy Outlook
The nomination of Stephen Miran, a known Bitcoin supporter, to the Federal Reserve Board gave pro-crypto sentiment a boost. The stance taken by Miran is in favor of rate cuts and the use of digital assets, which is in line with the expectations of investors to have a more crypto-friendly policy environment.
In the past, looser monetary conditions have been beneficial to Bitcoin and other risk assets, particularly at the beginning of a bull cycle. This nomination is an addition to the existing bullish structure, which offers possible macro support to the Bitcoin direction.
Hence, policy changes may serve as a tailwind in Q4. This has been viewed by traders as a robust complement to technical momentum.
Frequently Asked Questions (FAQs)
The golden cross occurs when the 50-day moving average crosses above the 200-day MA, historically preceding strong Bitcoin rallies.
Stephen Miran is a pro-Bitcoin economist nominated by Donald Trump, signaling potential for crypto-friendly monetary policy.
S2F shows rising scarcity while MVRV remains elevated but not overheated, suggesting bullish but sustainable momentum.
Coingape Staff
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