- Bitcoin dropped over 6% to $104,684 from its all-time high of $111,917, triggering $693.18 million in liquidations with $628.10 million from long positions.
- A Golden Cross fractal pattern is emerging that mirrors Bitcoin's bullish setup from October 2024, when BTC rallied from sub-$70,000 to above $100,000.
- The current pattern shows Bitcoin forming a rising wedge after a Golden Cross, followed by a brief dip, identical to the structure that preceded the previous major rally.
- If the fractal pattern holds, analysts suggest Bitcoin could surge toward $125,000+, with confirmation needed if BTC reclaims the $108,000-$110,000 range.
Date: Fri, May 30, 2025 | 08:50 AM GMT
The cryptocurrency market witnessed a sharp pullback over the past few hours, sending major tokens into the red. Bitcoin (BTC) briefly dipped to a low of $104,684, a drop of over 6% from its recent all-time high of $111,917. This drop triggered heavy liquidations, wiping out over $693.18 million in positions — with $628.10 million coming from long trades alone.
Amid the ongoing sell-off, Bitcoin is currently trading around $105K, and now a familiar technical pattern — the Golden Cross fractal — is flashing a potential bullish continuation signal, hinting that the bulls might soon regain control.
Golden Cross Fractal Suggests Bullish Continuation
According to insights from prominent crypto analyst @MikybullCrypto, Bitcoin’s recent price action mirrors a recent bullish pattern from late 2024. In both instances, BTC printed a Golden Cross on the daily chart — when the 50-day moving average (blue line) crossed above the 200-day moving average (red line) — a classic bullish signal in technical analysis.
In the October 2024 setup (top half of the chart), BTC formed a rising wedge pattern post-Golden Cross, then experienced a brief dip before exploding upward. This rally took Bitcoin from sub-$70,000 levels all the way above $100,000.
Now, in May 2025, the lower half of the chart shows a nearly identical structure forming. After another Golden Cross printed earlier this month, BTC once again formed a rising wedge followed by a short-term dip — eerily similar to the October fractal.
This fractal suggests that the repetition is no coincidence and signals a likely bullish continuation, with the potential for BTC to surge toward $125,000+ if the pattern holds.
Final Thoughts
The fractal suggests that current price weakness might be nothing more than a healthy correction before another leg up. This is further supported by the fact that Bitcoin continues to hold above the 50-day MA, keeping the broader uptrend intact.
Despite the recent drop and heavy liquidations, historical patterns are hinting that Bitcoin may be gearing up for a strong rebound. The Golden Cross fractal has played out before — and if it does again, the bulls could be in for a major comeback.
Still, traders should proceed with caution as crypto markets remain volatile. Confirmation of the bounceback will likely come if BTC reclaims the $108,000–$110,000 range with volume.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
The opinions and market insights shared on CoinsProbe represent the views of individual authors based on prevailing market conditions at the time of publication. Cryptocurrency investments carry significant risk and volatility. Readers are encouraged to conduct their own research and seek professional financial advice before making investment decisions. CoinsProbe and its contributors do not accept responsibility for financial losses or decisions made based on published content.
CoinsProbe may publish sponsored articles, affiliate links, or promotional collaborations. All sponsored material is clearly labeled to maintain transparency with our audience. Our editorial decisions remain fully independent, and advertising partnerships do not influence reviews, rankings, or published opinions.
Since 2023, CoinsProbe has delivered reliable insights on cryptocurrency, blockchain, and digital assets. Our content is created by experienced researchers and analysts who follow strict editorial standards focused on accuracy, transparency, and credibility. Every article is carefully reviewed and verified using trusted sources and current market data. We provide unbiased analysis and timely updates covering everything from emerging crypto projects to major industry developments.
