Bitcoin golden cross signals powerful momentum with analysts eyeing surge towards 150000
Bitcoin’s bull run shows no signs of slowing as a powerful on-chain signal suggests further upside, with analysts eyeing record-breaking highs in the months ahead. Research from CryptoQuant highlights that the Network Value to Transactions Golden Cross (NVT-GC) indicator is once again flashing bullish signs – a signal that has historically preceded significant price expansions.
Bitcoin’s upward momentum remains intact
According to the latest analysis, Bitcoin (BTC) is still in a “healthy uptrend” with plenty of room for expansion, potentially pushing the world’s leading cryptocurrency towards $117,000 and beyond. CryptoQuant researchers emphasise that the market is far from overheated, countering fears that the rally could end with an imminent correction.
The NVT-GC is a leading tool used to anticipate tops and bottoms in Bitcoin’s price cycles. By comparing Bitcoin’s market capitalisation to its on-chain transaction volumes, it helps track when the network is under or overvalued. Crucially, when the indicator dips into the “long zone” below -1.6, history shows that major upward movements often follow. Once it crosses above 2.2, signals of a cooling phase emerge.
CryptoQuant contributor Pelin Ay explains: “This indicates neither extreme overvaluation nor undervaluation, but rather a healthy uptrend. With the metric not elevated, Bitcoin is not yet in bubble territory. There is still room for price expansion.”
The golden cross effect: past performance fuels optimism
The latest NVT-GC readings are adding fresh fuel to market optimism. Since July – when the metric reached -2.8 before rebounding – Bitcoin’s trajectory has followed patterns consistent with previous bullish phases. In fact, the past four occasions in which the tool entered the “long” zone all led to robust BTC gains, including during the breakout rallies in mid-2024.
That momentum is mirrored by other key market signals. Bitcoin’s Moving Average Convergence/Divergence (MACD) indicator flashed a “buy” signal earlier this summer, reinforcing the argument that the bull cycle still has legs. At the same time, many analysts argue that it’s not yet time for the type of euphoric “blow-off top” that characterises the end of previous cycles.
Short-term consolidation before explosive growth?
Certain market conditions suggest a period of stabilisation before Bitcoin charges higher. Fellow CryptoQuant researcher Axel Adler Jr. commented that Bitcoin currently sits “just above STH (Short-Term Holder) Realized Price,” a level that could encourage one to two weeks of sideways consolidation before a fresh push to all-time highs.
Importantly, CryptoQuant’s data shows that the MVRV Z-Scores for short-term holders (155D & 365D) remain near zero, indicating balance – the market is neither excessively overheated nor heavily oversold. This neutrality underpins the view that the market retains a stable foundation before its next expansion phase.
“BTC price sits just above STH Realized Price, setting the stage for 1–2 weeks of consolidation with a potential push to ATH,” Adler explained. “Uptober incoming,” he teased – referencing the frequent October surges seen in Bitcoin’s history.
Analysts set bold price targets
With technicals and on-chain activity aligning, speculation is rising over how high Bitcoin could go in this phase of the cycle. While many market participants expect resistance as BTC approaches $118,000–$120,000, Ay believes there is scope for much greater upside: “Overall, Bitcoin is not in a high-risk zone. Historical patterns suggest the price could climb toward the $120,000–$150,000 range in the coming months.”
This would put Bitcoin on course to not just secure fresh all-time highs, but also redefine long-term investor expectations. Such moves could also trigger strong ripple effects across the digital assets space – from altcoin valuations to heightened crypto recruitment demand among trading firms, hedge funds, and exchanges scrambling to scale infrastructure during periods of heavy inflows.
Web3 recruitment implications of a surging Bitcoin
Whenever Bitcoin enters price discovery phases, the effect cascades through the blockchain recruitment space. Rapid market growth intensifies competition for top crypto talent, spanning everything from quantitative analysts and solidity developers to compliance experts and DeFi security specialists. Already in 2024, talent scarcity has been a dominant theme across web3 recruitment, with employers bolstering packages and offering token-based incentives to attract senior professionals.
Recruiters and hiring managers expect this trend to accelerate if Bitcoin breaks into the $120,000–$150,000 range. A rising tide lifts all boats, with DeFi protocols, L2 projects, and NFT platforms likely to feel the immediate impact of renewed investment inflows. This could add urgency to ongoing web3 talent acquisition drives, prompting more organisations to lean on specialist agencies such as Spectrum Search to identify and secure hard-to-find blockchain engineers, smart contract auditors, and compliance talent.
Historical cycles show expansion phases fuel careers
Previous bull cycles reveal a direct link between surging prices and surging headcount across the industry. The last major expansion in 2020 saw hiring accelerations across crypto-native unicorns and traditional finance giants alike, with demand for blockchain developers jumping by triple digits. Today’s environment looks strikingly similar, positioning 2025 as a potentially defining year for both digital asset valuations and the web3 recruitment agency sector.
With indicators like NVT-GC providing confidence that this uptrend still has further to run, the spotlight is very much on Bitcoin’s next move – and the talent surge that might follow in its footsteps.
---Note: This article does not contain investment advice. Cryptocurrency markets are volatile, and all investment and trading activities involve risk. Readers should conduct independent research before making financial decisions.