Predicting the price of Bitcoin: The golden cross pattern points to $150,000 growth Bitcoin is once again sending a historical bullish signal, a golden cross, when traders focus on the $150,000 target. Currently trading at $105,597 and with a daily trading volume of over $35 billion, BTC has fallen slightly after the latest golden cross. This setup occurs when the 50-day moving average breaks above the 200-day moving average and is often seen as the start of a long-term uptrend. Chain Mind, a closely watched crypto analyst, noted that the pullback was not unusual. In fact, it reflects what will happen at the end of 2024. At that time, Bitcoin fell 10% after the Golden Cross and soared by more than 60% in the next two months only. The recent 8% drop after the crossover seems to follow the same pattern. He emphasized patience. While many expect an immediate profit from the golden cross, history shows that this pattern usually starts with a dip before a broader rally occurs. According to Chain Mind, the setup remains intact and the goal of reaching $150,000 by the end of the year remains realistic. Bitcoin Maintains Important Support Zone The factor that strengthened the rally was that Bitcoin was able to sustain above the 200-day moving average, which is currently around $94,700. This level plays an important supporting role in the long term. As long as BTC stays above this level, Bitcoin's price prediction remains bullish. Chain Mind also highlighted the increase in Bitcoin's dominance, reaching its highest level in three years. Investors are rotating funds from other currencies and returning to Bitcoin as a safer store of value against a volatile market backdrop. Consider the following strong signals: Bitcoin's dominance is growing, while other coins are fading away. Ethereum (ETH) is struggling to stay above $2,500. Other coins like SOL and ADA have broken through important support levels. Long-term holders still continue to hold BTC instead of selling. This shows the continued focus of the institution. Companies like Metaplanet and Strategy have already bought large amounts of Bitcoin, while spot ETFs still continue to see inflows despite price volatility. Organizations that support Bitcoin, not altcoins One clear sign that Bitcoin is still popular is the behavior of large investors, also known as "whales." On-chain data shows that a significant portion of Bitcoin's supply has remained unchanged for a long time, cementing the unwavering view of long-term holders. Instead, Altcoin is under pressure. Many varieties are not only lagging behind BTC, but are even declining relative to the US dollar. Chain Mind notes that Bitcoin will continue to dominate until sentiment improves and major percentages, such as ETH/BTC or SOL/BTC start trending upwards. Summary: The traditional golden cross pattern usually has an upward trend, even if the price falls in the short term. The BTC price is holding above $94,700, supporting the uptrend. The increase in dominance and institutional inflows indicate a potential surge. For traders and investors, this is exactly a typical case of "shrinking". Short-term noise may be nerve-wracking, but structurally, Bitcoin's strong rally to $150,000 still appears intact.