Bitcoin (BTC) is about to experience a golden cross, is it time for a surge?

Updated

June 17, 2025

Gambar Bitcoin (BTC) is about to experience a golden cross, is it time for a surge?

Jakarta, Pintu News – Bitcoin seems to be trying to regain its short-term bullish momentum, as shown by the price action in the past 24 hours. After dipping below $104,500, the cryptocurrency has managed to bounce back and is trading above $106,000. Technical analysis is currently showing a technical formation that could trigger the start of a longer rally.

Ichimoku Cloud Shows Bullish Breakout Potential

#Bitcoin Golden Cross Loading… ⚡️#BTC closed the daily candle back above the Tenkan 🔴, a good sign.

A golden cross is now on the horizon and could flash in the next few days.

That said, the current geopolitical tensions could reshuffle the deck at any moment. pic.twitter.com/UMIA3fYKh1
— Titan of Crypto (@Washigorira) June 14, 2025

On social media platform X, crypto analyst Titan of Crypto highlighted the latest daily price close above the Tenkan line as a strong technical signal for Bitcoin (BTC). The Tenkan line, also known as the conversion line, is an interesting indicator for short-term trend strength in Ichimoku analysis.

According to the analyst, the current setup on Bitcoin’s (BTC) daily chart shows conditions in line for a golden cross, where the short-term average surpasses the long-term one, which is a potential long-term bullish shift. This crossover, if confirmed, would be one of the most reliable trend reversal patterns in technical trading. Currently, Bitcoin (BTC) price action is consolidating around $105,000.

However, if this golden cross goes well, Bitcoin (BTC) could try to move towards the key resistance level around $111,600. However, the current geopolitical instability, especially the escalating tensions in the Middle East, could disrupt this technical picture at any time and cause a reassessment of the bullish outlook.

Also Read: Vietnam Officially Recognizes Bitcoin and Other Digital Assets!

Support and Whale Activity Contradict Bullish Setup

$104,124 is a key support level for #Bitcoin $BTC. If it fails to hold, a drop toward $97,405 could follow. pic.twitter.com/pesNRxiYHZ
— Ali (@ali_charts) June 14, 2025

Although the technical backdrop is showing bullish signals, other market signals are providing a warning for Bitcoin (BTC). Analyst Ali Martinez identified $104,124 as an important support level for Bitcoin (BTC). This price point is not just any number, as it represents a large concentration of UTXO realization prices.

Many investors are buying at that level, and if Bitcoin (BTC) falls below it, the next destination is likely to be $97,405. The URPD chart confirms that the safety net between $104,000 and $97,000 is quite thin. This means that once $104,000 is broken below, a quick and sharp correction could occur due to the lack of strong buying interest in the gap.

Furthermore, the behavior of large Bitcoin (BTC) holders adds complications to the picture. On-chain data shows that some of the largest holders, addresses that hold more than 1,000 BTC, have started reducing their holdings in recent days. This decline in the number of whale wallets initially began soon after Bitcoin (BTC) hit a new record high of $111,800 on May 22.

Geopolitical Tensions as a Potential Threat

Some of the largest #Bitcoin $BTC whales holding over 1,000 BTC have started trimming their positions. pic.twitter.com/kxYlND5Ohi
— Ali (@ali_charts) June 13, 2025

Rising tensions in the Middle East could pose a serious threat to Bitcoin’s (BTC) bullish outlook. Geopolitical uncertainty often causes investors to seek safer assets, which could affect the price of Bitcoin (BTC). If the situation worsens, there could be massive selling that affects all markets, including crypto.

It is important to monitor these developments as they can have a direct impact on investment strategies and the price of Bitcoin (BTC) in the market. Investors and traders should be on the lookout for sudden changes in market sentiment that could be triggered by global events.

Conclusion

With a potential golden cross approaching, investors and market watchers should remain wary of external factors that could affect this trend. While there are some strong bullish signals, geopolitical risks and volatile whale activity can change market dynamics quickly. Monitoring both technical and fundamental aspects of the market will be crucial in making the right investment decisions.

Also Read: Ripple (XRP) Legal Case: Strong Arguments in Joint Motion Revealed!

That’s the latest information about crypto. Follow us on Google News for the latest crypto and blockchain technology updates. Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.