According to Trader Tardigrade, Bitcoin's 50-day and 200-day simple moving averages (SMA) have formed a Golden Cross, a historically bullish technical signal for $BTC. Since 2023, this pattern has resulted in Bitcoin price increases of 49%, 125%, and 68% after each occurrence, based on data shared by Trader Tardigrade (Twitter, June 14, 2025). If Bitcoin repeats its worst and best historical gains from this signal, traders could see targets of $152,000 and $229,000, respectively. These price projections are grounded in recent Golden Cross performance, making the signal highly relevant for Bitcoin traders seeking actionable entry and exit points.

According to Trader Tardigrade, the Bitcoin H4 chart is currently displaying two Double Bottom patterns—one has already broken out, while the other is still forming. Additionally, a Golden Cross is occurring as the 50 SMA crosses above the 200 SMA, indicating a potential bullish trend for BTC. These technical indicators suggest a strong buying signal for traders and investors considering Bitcoin's future price movement.