20-5-2025 – Bitcoin stands poised on the cusp of a significant technical breakthrough, with market analysts predicting a potential surge towards an unprecedented peak of $135,000 as early as this week. On 20 May 2025, TradingShot, a prominent market analysis platform, highlighted in a TradingView post that the cryptocurrency is on the verge of forming its first one-day golden cross since October 2024. This pivotal technical signal, where the 50-day moving average surpasses the 200-day moving average, has historically heralded robust price rallies, igniting optimism among investors.
The bullish outlook is further bolstered by historical trends within Bitcoin’s two-and-a-half-year ascending channel, where each one-day golden cross has triggered a rapid price ascent, with the smallest recorded gain at 33.11%. TradingShot’s analysis projects a climb to approximately $135,000, aligning with the 0.236 Fibonacci level. Adding weight to this forecast, the one-week Moving Average Convergence Divergence (MACD) has already displayed a bullish cross, a precursor to the last three golden crosses, suggesting Bitcoin could soon eclipse its previous all-time high of $109,000.
GOLDEN CROSS IMMINENT ON $BTC
A HUGE RALLY INCOMING
LOOK AT THE PREVIOUS CROSS 😎 https://t.co/luHNauLQ7w pic.twitter.com/xq0gIEa7nL
— Mikybull 🐂Crypto (@MikybullCrypto) May 20, 2025
Crypto analyst MikybullCrypto, in a 20 May post on X, echoed this sentiment, suggesting that a confirmed golden cross could propel Bitcoin towards $145,000, drawing on historical patterns. Currently trading at $105,275—a 2.2% rise over the past 24 hours and a 2.6% gain over the week—Bitcoin is riding a wave of renewed investor enthusiasm and mounting buying pressure. This momentum has elevated the cryptocurrency to the sixth-largest asset by market capitalisation, overtaking Alphabet (NASDAQ: GOOGL).
Fueling this upward trajectory, capital inflows into Bitcoin exchange-traded funds (ETFs) are gaining pace. On 19 May, U.S. spot Bitcoin ETFs recorded a substantial $667.4 million in net inflows, the highest since 2 May, with the iShares Bitcoin Trust alone attracting $306 million. Bitcoin’s resilience is evident as it continues to trade well above key technical thresholds, with the 50-day moving average at $92,255 and the 200-day at $86,257, underscoring its strong bullish trend.
However, caution lingers as Bitcoin approaches potential short-term resistance. The 14-day relative strength index (RSI) stands at 68, nearing overbought territory, which could temper the immediate rally. Nevertheless, having rebounded robustly from a correction spurred by trade tensions, Bitcoin’s momentum within its rising channel signals a promising outlook for investors eyeing a historic breakout.
