Bitcoin is once again at the center of bold predictions as technical indicators flash signs of a potential breakout. Trader Tardigrade, a widely followed analyst on X, has identified a classic “golden cross” formation on the BTC daily chart, a bullish crossover where the 50-day simple moving average (SMA) rises above the 200-day SMA. Historically, this pattern signals the beginning of major uptrends.
This is the fourth golden cross Bitcoin has posted since 2023. The previous three saw price gains of 49%, 125%, and 68%. Applying these historical averages, Tardigrade projects a conservative upside target of $152,000, about 44% higher than today’s price of $106,802.
Under stronger market conditions, however, the analyst sees Bitcoin potentially soaring to $229,000, a move that would represent a 118% rally.
These predictions are rooted in more than just chart patterns. Bitcoin is already up roughly 47% from its April lows and has rallied 656% since the current market cycle began in late 2022. For traders watching closely, the golden cross is not just a pattern; it’s a potential roadmap.
Bitcoin (BTC/USD) Technical Resistance Near $107K Remains Key
As of now, Bitcoin price prediction remains neutral as BTC is trading near a critical resistance zone at $107,270. This level has acted as a ceiling multiple times over the past two weeks, and a breakout of this level can turn the price forecast bullish.
The current 1-hour chart shows a symmetrical triangle formation, with price compressing between rising support and declining resistance lines.
The 50-period EMA at $105,853 has turned upward, confirming short-term bullish momentum. MACD readings support this thesis as the indicator line crosses above the signal, though there’s no aggressive divergence. A recent green candle with a long upper wick suggests sellers are active just above current levels, meaning a breakout will require volume and conviction.
Bitcoin Price Chart – Source: Tradingview
The candlestick structure shows higher lows forming, but without follow-through confirmation, it’s still a coin toss between a breakout and a reversal. A close above $107,270 would put bulls in the driver’s seat. Failure could send BTC back toward support at $105,437 or even $104,532.
BTC/USD Trade Strategy: Breakout or Pullback?
Whether you’re a novice or seasoned trader, this setup presents an actionable opportunity:
Bullish Entry: Above $107,270 close with volume
Targets: $108,349 and $109,254
Stop-Loss: Below $105,400
Bearish Setup: Close below $105,437
Target: $104,532
Stop: Above $106,200
With momentum aligning behind the golden cross and Bitcoin nearing an inflection point, this is a critical juncture for bulls and bears alike. A confirmed breakout could validate Tardigrade’s $229K thesis, while a rejection may delay upside for weeks.
Bitcoin Hyper Presale Surges Past $1.3M—Layer 2 Just Got a Meme-Sized Boost
Bitcoin Hyper ($HYPER) has smashed through the $1 million mark in its public presale, raising $1,307,398 out of a $1,485,641 million target. With just hours left before the price jumps to the next tier, buyers can still lock in $0.01185 per HYPER.
As the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM), Bitcoin Hyper brings fast, low-cost smart contracts to the BTC ecosystem. It merges Bitcoin’s security with SVM’s scalability, enabling high-speed dApps, meme coins, and payments—all with cheap gas fees and seamless BTC bridging.
Audited by Consult, Bitcoin Hyper is engineered for speed, trust, and scale. Over 91 million $HYPER are already staked, with estimated 577% APY post-launch rewards. The token also powers gas fees, dApp access, and governance.
The presale accepts crypto and cards, and thanks to Web3Payments, no wallet is needed. Meme appeal meets real utility—Bitcoin Hyper might be Layer 2’s breakout star of 2025.
The post Bitcoin Price Prediction: Trader Says $229K Is Next – Here’s the “Golden Cross” Indicator to Watch appeared first on Cryptonews.
