Bitcoin has surged past $105,000 and is gaining momentum as key technical indicators point toward an impending bullish breakout.
Prominent market watchers have identified a potential “Golden Cross” formation, historically known to precede major uptrends in BTC price action.
According to a chart shared by Crypto Rover, the market is witnessing a repeat of historical patterns where a Golden Cross — the convergence of the 50-day moving average above the 200-day moving average — often precedes significant price appreciation.
Rover emphasized, “History is exactly repeating,” suggesting that this technical event could mirror past bull cycles.
Adding to the excitement, trader Vivek declared that Bitcoin is going parabolic and boldly claimed that “$110,000 IS HAPPENING TODAY.” While such short-term predictions are speculative, they reflect the prevailing optimism across crypto communities.
As of the latest data, Bitcoin is trading at $105,391 with a 2.24% gain in the past 24 hours. Its market cap has crossed $2.09 trillion, and trading volume remains robust at over $38 billion, indicating strong interest and liquidity.
With bullish momentum intensifying, the community is watching closely to see if Bitcoin can decisively break through the $110,000 barrier and continue toward new all-time highs.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/bitcoin-nears-110k-as-golden-cross-forms-analysts-predict-parabolic-surge/