Bitcoin is showing bullish signals driven by whale accumulation and technical chart patterns, including the retesting of the 'golden cross,' which has historically led to significant rallies of up to 2,200% in 2017 and 2020.

A golden cross occurs when the 50-day moving average crosses above the 200-day moving average, signaling a shift from bearish to bullish momentum, and its confirmation could lead to a substantial price explosion for Bitcoin.

Crypto analyst Mister Crypto highlights that Bitcoin's technical setup appears very strong, with a confirmed breakout potentially triggering a parabolic upward move in the coming weeks, especially if Bitcoin holds above the $110,000 level.

Analyst Mac warns that Bitcoin must maintain the $110,000 level to avoid ending the current cycle, noting that the deeply oversold 4-hour Money Flow Index (MFI) could trigger a short-term bounce.

Fundstrat’s Tom Lee suggests that recent stock market volatility, including a spike in the VIX, may indicate a market bottom and support higher Bitcoin prices in the near term, as traders hedge rather than sell.

While a major surge isn't expected immediately, Mac indicates there might be some upward fluctuation or 'chop' next week, reflecting cautious optimism in the market.

Bitcoin's current retest of the 'golden cross' pattern, which has historically led to massive rallies, suggests the potential for another significant rise if it breaks above the current level of around $110,000.

In addition to technical signals, the overall bullish outlook is supported by whale accumulation, which could further propel Bitcoin's upward trajectory.