- Bitcoin may form a golden cross within 2–3 months, signaling a potential bullish trend reversal.
- On-chain data shows accumulation near $79K–$82K, highlighting strong support zones.
- Futures and spot prices are aligning, indicating rising market confidence and renewed participation.
Bitcoin’s chart activity may soon flash a bullish reversal, according to analyst VirtualBacon. The trader highlighted a potential golden cross forming within the next two to three months. This signal often follows a death cross and indicates a shift from bearish to bullish momentum.
Historically, golden crosses help traders filter out market noise and avoid false rallies. VirtualBacon noted that although early gains may be missed, the strategy reduces the risk of falling into bear traps. Waiting for a confirmed golden cross after a death cross has shown strong results in past market cycles.
At the time of writing, Bitcoin trades at $85,658.65, up 1.37% in the past 24 hours, facing resistance near the $85,800 level while support has slipped to $82,800 with minor levels forming around $84,700 and $84,100.
The market cap rose to $1.7 trillion, reflecting a 1.47% increase. However, 24-hour trading volume fell by 5.72%, now at $29.28 billion. The hourly chart shows light volatility before the U.S. stock market opens. The pattern suggests short-term corrections and a lack of significant breakouts.
Meanwhile, data from CryptoQuant reveals the futures and spot price difference on Binance is nearing zero. This narrowing gap hints at cautious optimism among traders. Historically, bullish moves tend to follow when futures prices rise above spot prices during strong momentum phases.
Since 2020, this pattern has repeated before major upward trends. The current alignment may indicate another potential rally. As futures move closer to spot prices, traders begin building long positions. This shift often attracts leveraged bulls entering at stronger price levels.
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Glassnode data shows that large-scale Bitcoin accumulation continues despite recent price dips. Buyers stepped in around the $79,000 and $82,080 zones, forming key support levels. These zones could act as barriers if Bitcoin attempts another drop.
Bitcoin maintains a dominant 63% market share, signaling continued investor preference during uncertain macroeconomic conditions. Analysts say this high level of control reinforces confidence in Bitcoin’s relative stability compared to other cryptocurrencies.
With futures and spot gaps closing and chart indicators aligning, Bitcoin may be on the verge of a trend reversal. All eyes now turn to the potential golden cross and whether it can spark the next sustained rally.
