A leading cryptocurrency analyst known for accurately predicting Bitcoin’s (BTC) rise from $77,000 to over $110,000 has released a fresh analysis, asserting that the bullish momentum for the cryptocurrency remains strong. Utilizing a combination of technical indicators and an understanding of macroeconomic conditions, the analyst is optimistic that Bitcoin may soar to between $117,000 and $120,000 soon.

The Ongoing Bitcoin Bull Market

Central to the optimism of crypto expert Doctor Profit is the formation of a Golden Cross on the Bitcoin chart. This significant pattern is recognized for its robust bullish implications, boasting an impressive track record of approximately 87.8% accuracy on larger timeframes.

Historically, as noted in the Bitcoin Bull Market: Pundit Reveals When To Sell Everything, this technical signal has only emerged twice in the last two years, correlating with remarkable price surges. In October 2023, a similar pattern foreshadowed a staggering 170% increase, catapulting prices from $27,000 to $73,000.

More recently, another Golden Cross in October 2024 indicated a rise from $63,000 to $109,000, resulting in a substantial 73% gain. As of May 2025, this chart configuration has re-emerged, aligning with Bitcoin’s price just above $110,000.

Doctor Profit reiterated that previous rallies were not prolonged; they initiated promptly after the Golden Cross appeared and accelerated significantly within a 3-5 month timeframe. Typically, during these intervals, BTC has yielded returns of 70% to 170%, which translates to approximately 3.5% to 8.5% weekly. If history repeats itself, Bitcoin could move well beyond its current valuation.

Importantly, the development of the Golden Cross pattern is the cornerstone of Doctor Profit’s belief that the Bitcoin bull market continues unabated. He has notably predicted that BTC will hit $113,000 this week, marking a 3.71% uptick from its current value of around $108,954.

Influencing Factors: ETFs, Liquidity Zones, and Institutional Engagements

From a market structure perspective, Doctor Profit identifies a significant liquidity cluster at the $113,000 mark. Given Bitcoin’s existing momentum and its approach toward this target, the analyst is confident that it will be reached within a short timeframe. Yet, he emphasizes that this target is merely a stepping stone.

Since Bitcoin’s price hovered around $77,000, Doctor Profit has consistently maintained that $117,000 to $120,000 remains his target. With the Golden Cross firmly in place and market conditions becoming increasingly favorable, he is reaffirming this estimate.

Beyond technical patterns, Doctor Profit points to the role of Bitcoin ETFs and the overarching market dynamics as critical elements driving this bullish narrative. He highlights a dramatic rise in demand through Spot Bitcoin ETFs, with inflows now nine times greater than the daily volume of BTC being mined.

This disparity in supply and demand is fueling significant upward pressure on Bitcoin’s price. Compounding this bullish sentiment is the ongoing accumulation of BTC by major institutions such as MicroStrategy, which are actively purchasing Bitcoin in substantial amounts and simultaneously decreasing the supply accessible on exchanges.