Analyst: BTC 'golden cross' signals potential for explosive rally in 30-40 days

An on-chain indicator suggests a potential resumption of Bitcoin's rally, according to crypto analyst CW8900. In a post on X, the analyst noted that a golden cross recently formed on the "BTC Inter-exchange Flow Pulse" indicator, which tracks the flow of BTC between spot and derivatives exchanges. This signal has historically served as a precursor to strong upward rallies. However, the analyst pointed out that the rise is not immediate. After the 2019 bear market ended, a major rally began about 30 days after the golden cross formed, and in 2023, the lag was approximately 40 days. CW8900 projected that while volatility similar to recent trends could continue for about another month, the trend has already reversed, and an explosive rise is not far off.