Bitcoin took a bit of a dive recently, dropping around 5% after some drama between Trump and Musk shook the US markets. But don’t worry, some analysts think this dip is actually a good sign!
The Bullish Signals
One expert, CrypFlow, on X (formerly Twitter), spotted some key indicators suggesting a major price jump is on the horizon. They’re seeing a repeat of patterns from late 2024 that historically led to big Bitcoin rallies.
Here’s what they noticed:
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Golden Cross: A classic bullish signal where the 50-day moving average crosses above the 200-day moving average. This happened in early June 2025, just like it did in November 2024.
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Trendline Breakout: Bitcoin broke above a long-term downward trendline, mirroring a similar breakout in November 2024.
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Price Correction: The recent price drop is seen as the final piece of the puzzle, similar to a 10% drop in November 2024 before a huge rally.
The Prediction
If this pattern repeats, CrypFlow predicts a massive 62% price increase for Bitcoin, potentially reaching $170,000. They’re more cautiously suggesting a first target of $130,000 (a 25% gain from current prices).
What Others Are Saying
Currently, Bitcoin is trading around $104,850. While daily trading volume is down, the overall market sentiment remains bullish, according to Coincodex. Their analysts are even more optimistic, predicting prices around $134,074 in five days and $155,864 in three months. However, the Fear & Greed Index sits at 45, indicating some market fear.
