Bitcoin (BTC) To Recover? Golden Cross Fractal Recommends Bullish Extension
Date: Fri, May 30, 2025
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 timeless bullish signal in technical analysis.In the October 2024 setup (leading half of the chart), BTC formed a rising wedge pattern post-Golden Cross, then experienced a quick dip before taking off upward. BTC Golden Cross Fractal/Source: @MikybullCrypto (X)Now, in Might 2025, the lower half of the chart reveals an almost similar structure forming. After another Golden Cross printed previously this month, BTC when again formed a rising wedge followed by a short-term dip– eerily comparable to the October fractal.This fractal recommends that the repeating is no coincidence and signals a most likely bullish extension, with the potential for BTC to surge towards $125,000+ if the pattern holds.Final ThoughtsThe fractal recommends that present price weakness might be absolutely nothing more than a healthy correction before another leg up.