Bitcoin (BTC) could be preparing for another major bull rally Golden Cross recently appeared on the cryptocurrency’s Inter-exchange Flow Pulse (IFP). A crypto analyst who explained the significance of this event notes that the timeline of this Golden Cross fits almost perfectly previous bull rallies. Based on this historical trend, the analyst suggests that the next two to three weeks are important for Bitcoin’s next move.
Historic Golden Cross Pattern Signals Bitcoin Rally
Crypto market expert CW has done that shared a new Bitcoin prediction that, if realized, could completely negate the widespread bearish outlook for the cryptocurrency. In his post on X, the analyst shares a chart that appears BTC’s Inter-exchange Flow Pulsean important on-chain indicator that tracks the net flow of Bitcoin between exchanges.
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Normally, this indicator signals a bull market when it turns green a bear market or correction when it turns red. This specific metric is often used to identify Bitcoin’s market position and has gained recognition for its strong track record in predicting major turning points in the market.
During his analysis, CW noticed a recurring Golden Cross pattern that has appeared on the Inter-exchange Flow Pulse chart twice in Bitcoin’s history. The first time this crossover happened was in 2019, and then it was repeated in 2023. In both cases, the analyst noted that the Golden Cross had predicted the start of a massive bull rally that would last for months.
However, the expected rally did not start immediately after the Golden Cross emerged. Instead, the broader market waited 30 to 40 days for the Bitcoin bull run to begin. Specifically, during the 2019 cycle, BTC consolidated for about 30 days after its Golden Cross, before skyrocketing above $40,000 from a low price between $4,000 and $10,000. This bull rally had also expanded the 2021 bull marketwhere the cryptocurrency topped out at $69,000.
Then in 2023, the chart shows that Bitcoin crashed below $20,000 after that the 2022 bear market. Shortly afterwards, the same Golden Cross reappeared on the Inter-exchange Flow Pulse. Just 40 days later, Bitcoin climbed above $100,000extending the bull run until 2025.
BTC ready for explosive run as new Gouden Kruis emerges
Fast forward to today, CW noted in its analysis that the market cycle is currently 33 days past the most recent Golden Cross on the Inter-exchange Flow Pulse. This puts the Bitcoin price right within the 30-40 day historical window. As a result, Bitcoin could be on the verge if the pattern continues to hold another sustained bull rally.
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With only a few days left, the analyst warns that the next two to three weeks are crucial. He urges investors and traders to keep a close eye on the price of BTC. Based on past trends, a confirmed breakout during this period could likely be the start of a bull run.
Featured image from Pixabay, chart from Tradingview.com