- BTC’s recent 8% dip after the Golden Cross mirrors past patterns that triggered explosive rallies toward $150K and beyond.
- Analysts highlight that engineered liquidity flushes often precede Bitcoin’s major breakouts, signaling a sharp upside move is near.
- Altcoins may soon enter a high-momentum phase, historically outperforming BTC by 5x to 100x after Golden Cross pullbacks resolve.
Bitcoin is flashing a powerful technical setup that has historically preceded explosive gains. Following a recent Golden Cross formation, BTC has retraced nearly 8%—mirroring past cycles. According to leading crypto analyst Atlas on X, this pullback could be the final shakeout before a sharp surge to $150K and beyond. If historical price action repeats, altcoins could outperform Bitcoin by up to 100x in the coming weeks.
Source: Atlas
Besides, this week’s correction reflects a near-perfect replica of previous Golden Cross scenarios in 2021 and early 2024. In both cases, BTC initially dumped 10% right after the 50-day moving average crossed above the 200-day average. However, the quick dip triggered strong momentum rallies, sending BTC to new highs within days. Hence, the current price action signals the potential start of a powerful upside breakout.
Historical Pattern Signals Imminent Reversal
The analyst points out that engineered liquidity traps often mislead early bulls. The Golden Cross acts more as bait than a buy signal. Consequently, smart traders enter after the short-term dip plays out. In February 2021, BTC dropped 9.8% post-cross, then broke $60K for the first time two weeks later. Likewise, March 2024 saw a -10.1% flush before meme coin mania pushed prices sharply higher.
This week’s retracement aligns with that same pattern. BTC tapped key liquidity zones, setting up for a possible reversal within days. Moreover, bullish structure and volume suggest institutions continue accumulating, even during minor pullbacks. If momentum returns, BTC could realistically reach $150K by mid-June and push toward $175K in Q3.
Altcoin Rotation Could Follow Major BTC Rebound
Additionally, capital rotation is likely once BTC confirms its reversal. Historically, altcoins outperform Bitcoin by 5x to 100x during the post-flush phase. Atlas believes we’ve entered this rotation window. He shared a curated list of high-beta altcoins expected to lead the charge.
Furthermore, Egrag Crypto’s technical analysis supports this thesis. BTC’s long-term bullish channel remains intact. The ABC corrective wave appears near completion. Targets of $145K and $175K remain valid, with $100K acting as the key pivot.
