Will Bitcoin (BTC) potentially ascend to unprecedented altitudes?
Bitcoin is poised for future growth, thanks to a favourable macroeconomic framework. This framework includes the return of the "golden cross," robust on-chain indicators, and the appointment of Stephen Miran to a significant position.
The Golden Cross and Bitcoin's Rallies
The golden cross, a classic bullish technical signal, has reappeared on Bitcoin's weekly chart. This pattern occurs when the 50-day simple moving average (SMA) crosses above the 200-day SMA. Historically, this pattern has preceded rallies of 139%, 2200%, and 1190% respectively in 2016, 2017, and 2020.
Currently, Bitcoin's 50-day SMA (~$115,350) is well above its 200-day SMA (~$93,795), indicating a bullish long-term trend.
On-Chain Indicators and Bitcoin's Scarcity
On-chain indicators also suggest a possible new rally for Bitcoin. The Bitcoin Stock-to-Flow (S2F) ratio has reached a new high of 154, indicating increasing scarcity, a sign typically associated with strong demand cycles.
Moreover, the MVRV Z-Score is at 2.667, suggesting that Bitcoin still has room to rally without reaching a market peak.
The Impact of Stephen Miran's Appointment
Stephen Miran, a Bitcoin-friendly economist, has been appointed by Donald Trump to the Federal Reserve council. His more accommodative monetary policy could potentially serve as a driver for the next Bitcoin bull run.
This appointment adds to the other technical and on-chain signals, providing solid macroeconomic support for Bitcoin's future direction. However, it is important to note that the appointment does not imply a guarantee of Bitcoin's price growth, but it adds to the overall positive sentiment and potential for growth.
Long-Term Bitcoin Price Predictions
Current long-term Bitcoin (BTC) price predictions based on the "golden cross" pattern, technical indicators, and on-chain factors generally remain bullish. Price forecasts for BTC by late 2025 range broadly but center between approximately $103,000 and $230,000, driven by supply constraints like the halving and increasing institutional adoption.
Some top forecasters and institutional analysts envision targets near or above $150,000 to $200,000 by the end of 2025. For instance, Standard Chartered and Bernstein both predict around $200,000, supported by factors like spot Bitcoin ETFs and halving-driven supply reduction.
Monthly consolidated technical and on-chain data suggest gradual price growth through 2025, with interim price fluctuations and possible dips but an overall upward trajectory. For example, August 2025 forecasts around $120,000-$125,000, September potentially reaching about $130,000-$131,000.
Risks and Uncertainties
While the technical and on-chain indicators point to sustained bullishness in Bitcoin's price in the medium to long term, risks like regulatory uncertainty and short-term volatility remain noted concerns.
In summary, the technical "golden cross" and other momentum indicators point to sustained bullishness in Bitcoin's price in the medium to long term. Combined with on-chain supply dynamics and institutional inflows, many analysts foresee a BTC price range largely between $100,000 and $200,000 throughout 2025, with optimistic scenarios pushing to $230,000 or higher by year-end. The appointment of Stephen Miran and the associated monetary policy changes provide an additional factor supporting a positive long-term outlook for Bitcoin.
Crypto academy could provide valuable insights about Bitcoin's future potential growth due to the return of the "golden cross," robust on-chain indicators, and the implimentation of accommodative finance policies by a Bitcoin-friendly economist, such as Stephen Miran, in significant positions.
A well-rounded investment strategy in crypto academy might involve learning about the latest advancements in technology, such as blockchain and cryptocurrency, to better understand the factors contributing to Bitcoin's rallies and Long-term price predictions.
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