Despite a brief surge to $74,000 on Wednesday, Bitcoin has quickly returned to trading below $68,000. This recent fluctuation follows a period of price stabilization beneath the $70,000 mark.
While Bitcoin seems to have settled back into its usual trading range over the past month, one analyst suggests that significant developments may be on the horizon. This perspective is supported by insights from the $BTC Inter-exchange Flow Pulse metric.
Is a Rally Coming in 30 to 40 Days?
CW shared observations on X regarding this metric that monitors $BTC flows between spot and derivatives exchanges. Recently, it formed what is known as a golden cross—a pattern historically linked with substantial upward price movements. However, it’s important to note that such rallies do not typically commence immediately following this formation.
The analyst highlighted that after the bear market concluded in 2019, it took approximately 30 days for $BTC to embark on an impressive rally. In contrast, for 2023, this timeframe extended by an additional ten days. Consequently, CW anticipates another month of potential volatility for Bitcoin akin to what was experienced previously but remains optimistic about an impending explosive rally.
The $BTC Inter-exchange Flow Pulse (IFP) has recently formed a golden cross—an indicator often signaling the start of significant upward movement.
This rally does not typically begin right after such formations occur.
The explosive rise commenced roughly 30 days later in 2019… https://t.co/QZDHPO9oZs pic.twitter.com/6oVS7mlG01
— CW (@CW8900) March 7, 2026
A Warning for Late Bitcoin Investors?
An additional perspective comes from Merlijn The Trader who analyzed current trends and cycles within $BTC. He noted clear patterns indicating how after each peak—in this case marked by October’s all-time high exceeding $126K—the liquidity diminishes and momentum wanes before prices revert towards their macro trendline.
The critical level during this cycle appears around $60K; as long as $BTC maintains support at or above this threshold,”the cycle structure remains intact.”
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THE BITCOIN CYCLE ALWAYS HUMILIATES LATE BUYERS.
After every blow-off top comes similar patterns.
Liquidity drains.
Momentum fades.
Price returns toward macro trendline.This level currently rests near $60K.
If maintained ,the cycle structure survives .
If lost ,history may repeat itself .
— Merlijn The Trader (@MerlijnTrader) March7 ,2026