Bitcoin's Golden Cross Signals Potential Multi-Month Rally, Analyst Predicts

Crypto analyst Doctor Profit highlighted a Golden Cross formation on Bitcoin's weekly chart last week, signaling a potential multi-month rally. According to the analyst, this rare signal has historically predicted significant price increases. Despite a bearish divergence, Doctor Profit remains optimistic, citing similar past occurrences with no negative impact. The analyst attributes the recent Bitcoin price drawdown to profit-taking by short-term holders and external factors like Donald Trump's tariff announcement last week. He notes that long-term holders remain unfazed, and BlackRock's outflows are low. Bullish indicators include a Cup and Handle pattern with a breakout zone between $113,000 and $115,000. Bitcoin is trading above major moving averages, and the MACD line has crossed above the signal line on the weekly chart, reinforcing bullish momentum. Doctor Profit believes there is no reason to be scared at all.