{"id":466,"date":"2025-05-22T08:17:51","date_gmt":"2025-05-22T08:17:51","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitcoin-eyes-rally-beyond-150k-as-golden-cross-forms\/"},"modified":"2025-05-22T08:17:52","modified_gmt":"2025-05-22T08:17:52","slug":"bitcoin-eyes-rally-beyond-150k-as-golden-cross-forms","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitcoin-eyes-rally-beyond-150k-as-golden-cross-forms\/","title":{"rendered":"Bitcoin eyes rally beyond $150k as golden cross forms"},"content":{"rendered":"
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Bitcoin is on the verge of confirming a powerful golden cross pattern, which could set the stage for a breakout rally toward the $150,000 mark.<\/p>\n

Bitcoin (BTC) surged to a new all-time high of $111,544 on Thursday, May 22, afternoon Asian time, breaking past its previous record of $109,400 from just the day before. This new high marks a 48% jump from the April 7 low of just under $75,000, making it the second all-time high for BTC in 2025.<\/p>\n

Alongside the price surge, Bitcoin\u2019s market cap hit $2.2 trillion, while its realized cap also reached a new peak at $915 billion, highlighting how much value is flowing into the network.<\/p>\n

A sharp uptick in trading activity has driven the rally. CoinGecko data shows 24-hour volume surged to $73.7 billion, compared to $50 billion on Wednesday and $40 billion on Tuesday.\u00a0<\/p>\n

That\u2019s a noticeable jump, especially considering that earlier this month, daily volume had fallen below $30 million, its lowest since February.<\/p>\n

BTC\u2019s futures open interest also hit a fresh record of $81.35 billion, up sharply from the $46 billion level seen in early March. That signals growing confidence from institutional and leveraged traders.<\/p>\n

<\/p>\n

Earlier this year, BTC faced strong headwinds as it tumbled more than 30% from January\u2019s high of $109,588, bottoming below $75,000 in early April.\u00a0<\/p>\n

That correction came shortly after President Trump hinted at new tariffs on major U.S. trading partners. But sentiment improved mid-April, especially after the U.S. reached fresh trade agreements with several nations.<\/p>\n

Another major factor driving the surge is the continued demand from U.S. spot Bitcoin ETFs, which have seen over $7.4 billion in net inflows over the past five weeks, including $609 million just on Thursday.\u00a0<\/p>\n

This has been backed by Bitcoin\u2019s growing role as a treasury asset, prompting a wave of public companies to load the flagship crypto onto their balance sheets. Strategy, for example, has continued its aggressive accumulation, now holding over 2.7% of all Bitcoin in circulation.<\/p>\n

BTC technicals flash bullish patterns<\/h2>\n

On the 1-day BTC\/USDT chart, Bitcoin has flipped the 21-day EMA into support after weeks of acting as resistance. More importantly, the 50-day SMA (blue) just crossed above the 200-day SMA (green), forming the highly watched golden cross pattern. Historically, BTC rallied over 37% in just 3 months following a similar pattern in October 2024.<\/p>\n

BTC 50-day and 200-day SMA chart \u2014 May 22 | Source: crypto.news<\/figcaption><\/figure>\n

On the weekly chart, BTC has also broken out of a bull flag pattern, a classic bullish continuation setup where the price consolidates downward after a strong upward move.<\/p>\n

\"Bitcoin
BTC has broken out of a falling wedge pattern on the weekly chart | Source: crypto.news<\/figcaption><\/figure>\n

The measured target of this breakout points toward $150,000, matching projections based on the flagpole height added to the breakout zone. If the golden cross plays out fully, the next realistic stop could be around $153,600.<\/p>\n

Veteran trader Peter Brandt acknowledged BTC\u2019s new highs but reminded followers that hitting all-time highs is just what bull markets do. In an earlier May 1 X post<\/a>, he predicted that Bitcoin could reach the bull market cycle top in the $125k to $150K level by Aug-Sep 2025, although he warned of a possible 50% correction afterwards.<\/p>\n

Meanwhile, analyst Gert van Lagen is far more bullish, predicting<\/a> BTC could reach $300K to $320K by the end of the bull cycle. He based his outlook on a breakout from a 4-year Megaphone Pattern, which features widening price swings and often precedes sharp moves upward.<\/p>\n

Short-term risks still in play<\/h2>\n

Despite the overwhelming bullish momentum, a short-term pullback can\u2019t be ruled out. BTC\u2019s RSI and Stochastic Oscillator have both entered overbought territory, indicating the rally may be due for a pause or short-term consolidation.\u00a0<\/p>\n

\"Bitcoin
BTC 21-day EMA and RSI chart \u2014 May 22 | Source: crypto.news<\/figcaption><\/figure>\n

If that happens, Bitcoin could briefly fall toward its support zone near $93,500, which lines up with its simple moving average supports.<\/p>\n

So, while a run toward $150K looks increasingly likely, it may not happen in a straight line. A short-term correction could offer a healthier setup for long-term gains.<\/p>\n

<\/p>\n

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\n Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. <\/p>\n<\/p><\/div>\n

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