Bitcoin Golden Cross Sparks Bullish Momentum: Is $130K the Next Target?

Bitcoin Price Forecast: Golden Cross on 4H Chart Signals Potential Surge to $130,000

Bitcoin (BTC) is once again capturing the attention of traders and investors after completing a Golden Cross formation on the 4-hour (4H) time frame, a technical event that could signal the start of a significant bullish trend. Currently, BTC is attempting to hold the 4H 50-period Moving Average (MA50)—represented by the blue trend line—as a key support level.

If Bitcoin successfully maintains this level, technical analysts suggest it has a strong probability of forming a "Channel Up" pattern, reminiscent of the price structure observed between April and May 2024. That previous rally saw Bitcoin peak at the 2.618 Fibonacci extension, a level that now hints at a possible target near $130,000.

What Is a Golden Cross and Why Does It Matter?

A Golden Cross occurs when a shorter-term moving average—such as the 50-period MA—crosses above a longer-term moving average, such as the 200-period MA. This is widely interpreted as a bullish signal, suggesting that upward momentum is building. On lower time frames like the 4H chart, the Golden Cross can be a precursor to a mid-term rally, especially when supported by other indicators.

In Bitcoin’s current setup, this technical formation is not only drawing attention from technical traders but also aligning with previous bullish fractals observed in recent months.

Fractal Similarities: April–May Rally Repeating?

The pattern currently forming on Bitcoin’s chart is eerily similar to the fractal observed from April to May 2024, which also began with a breakout above a Lower Highs resistance trend-line. In that previous rally, once BTC broke out of its consolidation zone, it surged rapidly, eventually touching the 2.618 Fibonacci extension before entering a correction phase.

Now, Bitcoin appears to be testing a similar final resistance level—marked by a dotted trend-line—and preparing to enter a decisive move. This zone is visually represented by a green circle on the chart, which corresponds to the April 21 breakout where BTC consolidated briefly before launching upwards.

If this fractally similar structure continues to hold, Bitcoin could be in the early stages of another explosive price movement, potentially pushing the asset into six-figure territory.

Fibonacci Targets: Why $130,000 Is in Focus

The Fibonacci extension tool is a favorite among technical traders for identifying potential price targets based on previous price swings. In this case, the 2.618 Fibonacci level marks a projected target derived from the depth of the previous correction and subsequent rally.

In the April–May fractal, Bitcoin surged toward the 2.618 extension, topping out before retracing.
The same technical setup now points to a price target near $130,000, should BTC successfully maintain the Channel Up pattern and hold key support levels.

Bitcoin is approaching the Golden Cross, with its target near the $109,000 ATH — is $135,000 next?

This makes $130K a technically viable target, assuming momentum continues and no major macroeconomic or market disruptions occur.

Trend Reversal or Continuation? What to Watch Next

For Bitcoin bulls, the next few trading sessions are crucial. Here are the key technical levels and scenarios to monitor:

4H MA50 Support: Holding this moving average as support is essential for the bullish continuation. A sustained move below could invalidate the current setup.
Dotted Resistance Trend-Line: A break above this trend line will confirm the start of the Channel Up and could trigger strong buying momentum.
Green Circle Zone: Historically a consolidation region. If price action mimics April’s pattern, we could see a brief pause before a breakout.
Volume Confirmation: An increase in trading volume during the breakout will provide further validation of the bullish move.
MACD and RSI: Watch for bullish crossovers and strength above neutral levels to confirm momentum.

Risks to Consider: Not All Crosses Lead to Gains

While Golden Crosses are often bullish, they are not foolproof. There are several risks that traders and investors must consider:

False Breakouts: The current structure may resemble a previous fractal, but market conditions have evolved. Geopolitical tensions, regulatory changes, or macroeconomic data could derail the bullish thesis.
Whale Activity: Large holders may use this rally to exit positions, causing sudden volatility.
Overbought Conditions: If RSI or other momentum indicators move into overbought territory too quickly, a pullback could be imminent.
News Triggers: Unexpected news such as ETF rejections, exchange hacks, or regulatory crackdowns can rapidly reverse trends.

Risk management remains crucial, especially when trading based on technical patterns. Traders are advised to use stop-loss orders and limit their exposure until confirmation signals are fully aligned.

Analyst Insights and Market Sentiment

Many crypto analysts are cautiously optimistic. Several popular X (formerly Twitter) traders have pointed out the similarities to past price actions and are calling this one of the “most bullish setups since Q2 2024.”

On-chain data also supports the bullish case:

Exchange Outflows: More BTC is being withdrawn from exchanges, indicating accumulation.
Funding Rates: Still relatively neutral, suggesting that the market is not overly leveraged—ideal for a sustainable rally.
ETF Inflows: Recent data shows renewed investor interest in U.S.-listed Bitcoin spot ETFs, contributing to bullish sentiment.

Conclusion: $130K Possible, but Caution Advised

Bitcoin’s recent Golden Cross on the 4H chart has reignited bullish sentiment across the crypto market. If the current setup mirrors past patterns—particularly the April–May Channel Up rally—then $130,000 could be a realistic target, driven by technical momentum and renewed investor interest.

However, traders should remain vigilant. Fractals are patterns, not guarantees, and real-world events can quickly change the narrative. Nonetheless, with the right combination of price action, volume, and market sentiment, Bitcoin may be on the verge of its next major breakout.