Bitcoin on record: Is the price now rising to $158,000?

Bitcoin on record: Is the price now rising to $158,000?

On June 2, 2025, current developments in the Bitcoin market show promising signals for investors. Bitcoin (BTC) is on a path that could potentially see it rise to as high as $158,000 after it overcomes a successful retest. This outlook is supported by technical indicators that point to impending bullish momentum. On May 12, the price of Bitcoin reached an all-time high of nearly $112,000 before a correction occurred that brought the price back to around $103,000. Despite this adjustment, May is considered exceptional as it ended with the highest monthly candle in BTC history.

A key element of this bullish outlook is a well-known fractal pattern that points to a new phase of explosive growth. A weekly close near current levels could confirm the bullish outlook. There have been massive open position cleanups in recent weeks, eliminating over-leveraged trading strategies. In addition, funding rates remain moderate, indicating a lack of market euphoria. Despite the recent price fluctuations, spot premiums are in the red, reflecting continued cautiousness among investors.

Bullish Pattern and Golden Cross

Crypto expert @Sykodelic_ highlights that observable bullish patterns in previous market cycles could also play a role now. A recent death cross that marked lows around $49,000 in August 2024 and $73,000 in April 2025 has been interpreted as an often bad omen. However, the current chart shows the potential for a golden cross where the 50-day moving average rises above the 200-day moving average. Historically, a Golden Cross is viewed as a harbinger of continued bullish momentum.

Technical analysts are extremely attentive to this dynamic and many expect that confirmation of a golden cross could attract additional capital inflows. This development could particularly attract systematic investors looking for stable investment options. Notably, a previous death cross delivered ineffective results and did not result in sustained declines, which surprised the bears.

Macroeconomic influences

Furthermore, the macroeconomic situation influences the Bitcoin market. Moody's downgraded the outlook for U.S. Treasury bonds on May 17, 2025, raising concerns about U.S. fiscal sustainability. In times of monetary uncertainty, Bitcoin could be perceived as a safe haven. Historically, periods of monetary instability often correlate with increases in the price of Bitcoin, as investors use the decentralized asset as a hedge against inflationary monetary policies and institutional manipulation.

Interested investors should keep a close eye on Bitcoin developments in the coming weeks. The combination of technical signals and macroeconomic changes could be crucial for future price developments. Experts advise preparing for the confirmation of the bullish pattern as well as the possible golden cross, which could signal the start of a new uptrend.

For more detailed information, take a look at the reports from InvestX and CoinTribune.