Bitcoin is retesting the “golden cross,” a bullish technical pattern that has historically preceded rallies, according to crypto market analyst Mister Crypto. Previous golden crosses led to gains of 2,200% in 2017 and 1,190% in 2020. A confirmed breakout could “absolutely explode” Bitcoin’s price in the coming weeks.

Crypto analyst Mac warned that Bitcoin must hold the $110,000 level to avoid signaling the end of the current cycle. The risk-to-reward setup looks favorable, with a short-term bounce expected. Fundstrat’s co-founder Tom Lee believes the recent stock market pullback may indicate a short-term market bottom.

US President Donald Trump announced 100% tariffs on all Chinese imports starting Nov. 1, in retaliation for Beijing’s new export restrictions on rare earth minerals. China recently introduced rules requiring an export license for any product containing more than 0.1% Chinese-sourced rare earths, set to begin Dec. 1.

Read more at Cointelegraph: Bitcoin Retests Golden Cross, Analysts Predict Possible Explosive Rally