Oh, dear readers, gather ’round and let me tell you a tale of Bitcoin (BTC), a currency so magical, it could make your wildest dreams come true, or at the very least, make you a bit richer. In the past month, Bitcoin has been as exciting as a bowl of porridge, with prices wobbling between $103,000 and $110,000. How thrilling, isn’t it? 😴
But wait, there’s more! Just when you thought Bitcoin had reached its peak, like a giant chocolate mountain, it decided to take a little tumble. Since hitting an all-time high of $111,931 in late May, our beloved BTC has faced a bit of a selling spree, making it feel like a soggy biscuit in a cup of tea. 🍪☕
Amidst this market muddle, a mysterious trader known as Trader Tardigrade (yes, the indestructible water bear) has emerged from the shadows to share some rather delightful news. This clever chap believes that Bitcoin’s bull run is far from over, and he’s got the numbers to prove it. 📊✨
Bitcoin Bull Run Far From Over – Analyst
On June 14, Trader Tardigrade posted a rather enchanting analysis on X, revealing that Bitcoin’s recent golden cross might just be the key to unlocking a treasure trove of profits. Using the BTC daily trading chart, Tardigrade pointed out that the 50-day simple moving average (50SMA) has crossed above the 200-day simple moving average (200SMA), a sign that the market is about to turn from a sleepy snail into a sprinting hare. 🐇🐌
For those of you who are not chart wizards, a golden cross is a magical formation that suggests a big price rally is on the horizon. It’s like finding a golden ticket in your chocolate bar, only this time, the prize is a whole lot more valuable. 🎟️🍫
Since 2023, every time the 50/200 SMA golden cross has appeared, Bitcoin has soared like a rocket, gaining 49%, 125%, and 68% in value. Tardigrade believes that this latest golden cross could push Bitcoin to at least $152,000, a 44.7% increase from its current price. But why stop there? In a truly bullish scenario, Bitcoin could skyrocket to $229,000, a whopping 118% gain! 🚀💰
Tardigrade’s predictions are based on Bitcoin’s recent uptrend, which has already seen a 47% increase from April’s lows. Since the start of the current market cycle in late 2022, Bitcoin has risen by a staggering 656%. That’s more than enough to make even the most skeptical investor sit up and take notice. 🤔👀
Bitcoin Price Overview
At the time of writing, Bitcoin is valued at $105,552, a 0.20% gain over the past day. The flagship cryptocurrency has also shown some green on longer timeframes, with gains of 0.03% and 1.41% on the weekly and monthly charts. However, the recent price action has been a bit like a lazy Sunday afternoon, with narrowing profit margins and a sideways movement over the past week. 🌞☕
But fear not, dear readers, for the Bitcoin ETF market has seen a strong rebound, with net inflows of $1.37 billion last week, after two consecutive weeks of outflows totaling $286.81 million. It seems that even in the face of a little market fatigue, investors are still eager to get their hands on a piece of the Bitcoin pie. 🥧🎉
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2025-06-15 22:14