The first few months of the year have certainly been a mixed bag for the cryptocurrency sector. Volatility has been the prevailing theme, with few assets being able to make good on 2024 expectations. However, that may be set to change for Bitcoin, as the leading crypto may have a surge to $135k forming.
The asset had increased notably in early May, regaining the six-figure mark it first broke through late last year. It has only built upon that this week, continuing its 24% jump over the last 30 days and breaking through $104,000, according to CoinMarketCap. That could be setting the stage for an unprecedented surge to meet the token.
Also Read: JPMorgan CEO Jamie Dimon Says “I am Not a Fan of Bitcoin”
Bitcoin May Be Preparing for Record-Setting Surge in 2025
In what was a game-changing announcement this week. JPMorgan Bank unveiled that it will now allow clients to buy Bitcoin. Although CEO Jamie Dimon is no fan of the asset, its rise to prominence is undeniable. That has led the investment bank to shift with the times, which could be the sign of a growing movement.
That development tells much of the story of 2025. Although prices have been held down by macroeconomic concerns, the crypto market has made major strides in terms of mainstream adoption. Moreover, it could be set to push Bitcoin to new heights, as one analyst has BTC eyeing a trip to $135k sooner than many expect.
Also Read: Bitcoin Forecasted To Hit $1.5 Million By 2030, Cathie Wood Reveals How
According to a new TradingView post, Bitcoin is set to form its very first golden cross in seven months. This is expected to trigger a massive bullish reaction for the leading cryptocurrency. Historically, BTC’s one-day golden cross within the two-and-a-half-year ascending channel has sparked a 33% jump for the asset. Subsequently, the analyst noted that this would see the asset reach a new record number in alignment with the 0.236 Fibonacci level.
There is more evidence to support the claims. Specifically, the one-week moving average convergence divergence is showing a bullish cross. This could be huge for the projection. Specifically, it was the same indicator that took place before Bitcoin reached its last all-time high of $109,000. Therefore, it could be a warning for incoming positive movements, the likes of which the asset has never seen before.
