A prominent crypto analyst who accurately forecasted the Bitcoin (BTC) surge from $77,000 to over $110,000 has shared a renewed analysis, declaring that the flagship cryptocurrency’s bull rally is far from over. Backed by technical analysis and macroeconomic fundamentals, the analyst claims that Bitcoin is poised for a further breakout, potentially reaching $117,000 to $120,000 in the coming weeks.
The Bitcoin Bull Run Is Far From Over
At the heart of crypto analyst Doctor Profit’s renewed bullish outlook is the emergence of a Golden Cross on the Bitcoin chart. The market expert disclosed that the Golden Cross pattern, a rare and powerful bullish signal, has an accuracy rate of approximately 87.8% when it occurs on higher time frames.
According to the Bitcoin Bull Market: Pundit Reveals When To Sell Everything, historically, this technical pattern is a reliable indicator that has only appeared twice in the past 24 months, and each time it has preceded massive price rallies. In October 2023, a Golden Cross preceded a 170% surge from $27,000 to $73,000.
Then again, in October 2024, it signaled a move from $63,000 to $109,000, delivering an impressive 73% gain. Now, in May 2025, the chart pattern has appeared once more, but this time when Bitcoin was priced just above $110,000.
Doctor Profit emphasized that these past rallies did not take months to materialize. Rather, they began almost immediately after the Golden Cross signal appeared and then accelerated over to a 3-5 month window. Historically, during such periods, BTC has delivered gains of about 70% and 170%, which is approximately between 3.5% to 8.5% per week. If this bullish trend repeats, it could push the cryptocurrency well beyond current price levels.
Notably, the emergence of this Golden Cross pattern is the primary reason why Doctor Profit believes that the Bitcoin bull rally is far from over. With this technical formation, the analyst has boldly forecasted that BTC will reach $113,000 this week, representing a 3.71% gain from its current price of around $108,954.
ETFs, Liquidity Clusters, And Institutional Demand To Fuel Bitcoin’s Rise
On a structural level, Doctor Profit highlights a major liquidity cluster at $113,000. With Bitcoin already approaching this level and with strong momentum, the analyst expects this target to be hit within days. However, this isn’t the final stop.
Since Bitcoin was trading at $77,000, Doctor Profit revealed that he has consistently held a target of $117,000 to $120,000. Now, with the Golden Cross confirmed and market conditions reinforcing the move, he is doubling down on this forecast.
Behind chart patterns, Doctor Profit also believes that Bitcoin ETFs and the broader macro environment are playing a key role in shaping this cryptocurrency’s bullish thesis. The analyst points to an overwhelming surge in demand through Spot Bitcoin ETFs, noting that inflows are now 9X higher than the daily amount of BTC being mined.
Notably, this imbalance between supply and demand is creating powerful upward pressure on the price. Adding further weight to the bullish case is the continued accumulation by MicroStrategy and other institutional players. These entities are not only buying BTC in bulk but also reducing the amount circulating on exchanges.
Featured image from Getty Images, chart from Tradingview.com
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