Bitcoin is testing the golden cross, a bullish signal that historically preceded major rallies.
Analysts say holding above $110,000 could trigger another parabolic surge.
According to crypto market analyst Mister Crypto, Bitcoin's previous golden crosses led to gains of 2,200% in 2017 and 1,190% in 2020.
The setup looks incredibly strong, a confirmed breakout could absolutely explode Bitcoin's price in the coming weeks.
Mister Crypto shared a chart on X, noting that with BTC currently hovering near $110,000, holding above the level could ignite another parabolic move.
Author's summary: Bitcoin nears golden cross breakout.