{"id":31953,"date":"2025-06-15T19:01:32","date_gmt":"2025-06-15T19:01:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=31953"},"modified":"2025-06-15T19:01:32","modified_gmt":"2025-06-15T19:01:32","slug":"bitcoin-golden-cross-suggests-potential-surge-to-229000-details","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=31953","title":{"rendered":"Bitcoin Golden Cross Suggests Potential Surge To $229,000 \u2013 Details"},"content":{"rendered":"
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In the past month, Bitcoin (BTC) prices have shown little growth<\/a> with a range bound movement between $103,000 to $110,000.\u00a0<\/p>\n

Since establishing a new all time high of $111,931 in late May, the premier cryptocurrency has witnessed significant levels of selling pressure forestalling further levels of price discovery.\u00a0<\/p>\n

Amidst this current market set up, popular trader with X pseudonym Trader Tardigrade continues to back Bitcoin\u2019s bullish potential with another compelling price prediction.\u00a0<\/p>\n

Bitcoin Bull Run Far From Over \u2013 Analyst<\/b><\/h2>\n

In an X post<\/a> on June 14, Trader Tardigrade shares a captivating analysis of the Bitcoin market hinting the flagship cryptocurrency still has room for more price gains based on historical price data.\u00a0<\/p>\n

Using the BTC daily trading chart, Tardigrade notes the recent formation of a golden cross as the 50-day simple moving average (50SMA) crossed above the 200-day simple moving average (200SMA) amidst the asset\u2019s recovery in the past two months.\u00a0<\/p>\n

\"Image\"<\/p>\n

For context, the golden cross is\u00a0 one of the most common bullish formations that indicate extensive price rally ahead. It occurs when a short term moving average moves above long-term moving average indicating a potential shift from consolidation or downtrend into a strong uptrend.<\/p>\n

Since 2023, the three instances of the 50\/200 SMA golden cross have yielded substantial price gains to the tune of 49%, 125% and 68%.\u00a0<\/p>\n

Going by this price history, Tardigrade postulates the most recent golden cross tips Bitcoin to hit a market price of at least $152,000 representing a potential 44.7% gain from present market prices in a worse case scenario.\u00a0<\/p>\n

However, in bullish circumstances, the analyst predicts the premier cryptocurrency could trade as high<\/a> as $229,000 which reflects a possible 118% price increase from the asset\u2019s current valuation.\u00a0<\/p>\n

Tardigrade explains the feasibility of these predictions noting Bitcoin\u2019s recent uptrend which has produced an estimated 47% from April lows. Notably, Bitcoin\u2019s prices have boosted by 656% since the present market cycle commenced in late 2022.\u00a0<\/p>\n

Bitcoin Price Overview<\/b><\/h2>\n

At the time of writing, BTC is valued at $105,552 after a 0.20% gain in the past day. The flagship cryptocurrency also retains a green performance on longer timeframes with gains of 0.03% and 1.41% on the weekly and monthly charts.\u00a0<\/p>\n

Despite these positive figures, Bitcoin\u2019s recent price action has shown signs of fatigue, with narrowing profit margins reflecting a consolidation phase and sideways movement over the past week.\u00a0<\/p>\n

However, this cooling momentum has not dampened investor appetite. Notably, the Bitcoin ETF market saw a strong rebound<\/a>, registering net inflows of $1.37 billion last week,\u00a0 after two consecutive weeks of total net outflows valued at\u00a0 $286.81 million.<\/p>\n

\"Bitcoin\"<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

In the past month, Bitcoin (BTC) prices have shown little growth with a range bound movement between $103,000 to $110,000.\u00a0 Since establishing a new all time high of $111,931 in late May, the premier cryptocurrency has witnessed significant levels of selling pressure forestalling further levels of price discovery.\u00a0 Amidst this current market set up, popular […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-31953","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31953"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31953\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}