Cryptocurrency analysts are confident that a new record for bitcoin is still ahead

A crypto analyst under the pseudonym CryptoLark has identified a powerful bullish signal on the weekly chart of bitcoin — the so-called «golden cross» in the MACD indicator. This technical pattern occurs when the indicator’s fast line crosses the signal line from the bottom to the top, indicating an upward shift in momentum and trend. According to the expert, even a conservative 30% jump can send the value of the most popular cryptocurrency above $ 160,000. Given the current price of $ 122−125 thousand, this scenario looks quite realistic.

The analyst’s optimism is based on historical data on previous cases of the formation of a golden cross on bitcoin. In October 2023, when BTC was worth about $ 27−30 thousand, the emergence of this pattern was the beginning of a long rally that ended at over $ 70 thousand, an impressive 164% increase. A year later, in October 2024, a similar signal appeared at around $ 67 thousand, and the price jumped to almost $ 127 thousand, showing an increase of 89%. Even in May 2025, when the pattern repeated for the third time, bitcoin strengthened to over $ 100 thousand, adding 31%.

An additional factor in favor of the bullish scenario is the traditionally positive seasonality for bitcoin in October. This month has historically shown the best cryptocurrency growth rates throughout the year, earning it the unofficial name of «Uptober» among traders. The combination of a strong technical signal and a favorable historical period creates a unique window of opportunity for investors. However, it is worth remembering that past performance does not guarantee future profits.

Fundamentals also support potential growth. Institutional demand remains strong — according to current data, large players are buying up to 1,755 BTC daily, and bitcoin ETFs are adding another 1,430 BTC per day. This constant buying activity creates a shortage in the market, which traditionally leads to upward price pressure. Bitcoin’s market capitalization is currently estimated at around $ 2.4−2.5 trillion, making it one of the largest assets in the world.

Despite the optimistic forecasts, most experts urge caution and not to take the «golden cross» as a one hundred percent guarantee of growth. Technical indicators work effectively only when combined with fundamental factors: changes in the regulatory environment, the geopolitical situation, and the activity of large holders can either boost or slow down the rally. Experts advise tracking confirming signals, such as trading volumes, open positions in futures, and flows of funds into ETFs, and being prepared for the high volatility that traditionally accompanies such movements in the crypto market.