Bitcoin Rebounds Above $115,000 From Flash Crash; Golden Cross Signals Potential $200K Rally
Bitcoin has gone back up above $115,000, gaining about 5% in the last 24 hours as the rest of the crypto market bounces back strongly from
Quick overview
- Bitcoin has risen above $115,000, gaining approximately 5% in the last 24 hours as the crypto market recovers from a recent flash crash.
- Analysts view the current rebound as a significant turning point, with technical indicators suggesting a potential bullish trend ahead.
- Despite recent volatility, experts believe Bitcoin's upward trajectory remains strong, with predictions of reaching $200,000 by the end of 2025.
- Market conditions are improving, with a reduction in leverage and expectations of increased institutional investment as the futures market opens.
Bitcoin BTC/USD has gone back up above $115,000, gaining about 5% in the last 24 hours as the rest of the crypto market bounces back strongly from Friday’s terrible flash drop. According to CoinGecko, the world’s largest cryptocurrency is now worth $115,585. This is still down 4.9% from the crash point, but it shows that both institutions and individuals are becoming more confident in digital assets.
Bitcoin Gains 5% in 24 Hours Following Friday’s Trump-Induced Turmoil
Analysts say that the rebound is a key turning point for the market following what they call a “flash crash” caused by U.S. President Donald Trump’s proposal of 100% tariffs on China to stop the export of rare earth minerals. The tariffs, which affect the making of computer chips, shook up both the regular and crypto markets. But when Trump later said, “Don’t worry about China,” and hinted that the U.S. wants to help rather than hurt the country, people’s feelings changed quickly.
BTC/USD Technical Analysis: Golden Cross and Bull Market Signals
Even though Bitcoin has been somewhat volatile lately, the technical picture for it seems very optimistic. Mister Crypto, a crypto market analyst, said that Bitcoin is currently retesting the golden cross, which is a strong technical pattern in which the 50-day moving average crosses over the 200-day moving average. In the past, this pattern has come before huge rallies, such a 2,200% rise in 2017 and a 1,190% rise in 2020. Mister Crypto said that “the setup looks incredibly strong,” and that a confirmed breakout may “absolutely explode” the price of Bitcoin in the next several weeks.
Caleb Franzen, an analyst, said that even if Bitcoin is quite volatile, its upward trend is still very strong. Franzen said that even if prices drop below these levels for a short time, like they did during prior consolidations in August-September 2023 and July-September 2024, the general trend is still optimistic. He looked at the simple moving average and exponential moving average on the 200-day chart. He said, “If uptrends are just the production of higher highs and higher lows, then nothing about this consolidation has invalidated the uptrend.” He also said that it would be “completely normal” for prices to drop briefly before finding support again.
The overall structure of the market also points to a positive future. Bitcoin liquidations worth $19 billion have taken a lot of leverage out of the system, which could lower the chance of losses in the future. Trading data reveals that volatility is starting to calm down around $112,000. Traders are expecting the market to do better when the futures market opens next week, which is usually a time when a lot of institutional money moves around.
Bitcoin Price Predictions: Targeting $114,000 Support and $200,000 Bull Run
TheKingfisher, a trading resource, says that short-term technical analysis shows that Bitcoin is likely to face a liquidity grab around $114,000. This is because weekend trading patterns usually cause range liquidations in this area. However, most people in the market are still hopeful about the mid-term prognosis.
Alex Becker, a crypto trader, said that there is a “very high chance” that this is the start of the bull market. Samson Mow, the founder of Jan3, said, “It’s time for Bitcoin’s next leg up.” More cautiously, expert “Mac” said that the market would stabilize a little over the next week before making further changes.
The most common bull argument says that Bitcoin will hit $200,000 by the end of 2025. This prediction takes into account the golden cross formation, the completion of Friday’s liquidations, and the fact that Bitcoin has a history of making higher lows during uptrends. At the moment, Bitcoin is worth about $115,585. If it reaches $200,000, it would be a 73% increase from its current price. This is a big goal, but it’s not impossible because Bitcoin is so volatile and there are so many technical signals pointing to a rise.
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