Bitcoin's price is expected to increase significantly, according to a recent analysis by CryptoQuant contributor Yonsei_dent. The analysis indicates that the daily moving average (MA) of Bitcoin's Coinbase Premium (the price difference between Coinbase and Binance) indicator based on the 1-hour chart has crossed above the weekly MA, forming a golden cross. This pattern has historically signaled significant price increases. As of 4 pm on the 4th, the Coinbase premium has temporarily broken through the weekly MA, and the gap with the daily MA is gradually narrowing. The golden cross of the two MAs is currently imminent, and the price has also seen a short-term increase. This suggests that demand from the US is increasing again. BTC is currently trading at $61,509.8 on the Binance USD market and $61,532.9 on the Coinbase USD market. The golden cross pattern is a bullish technical indicator that suggests a potential trend reversal. When the short-term MA crosses above the long-term MA, it indicates that the bulls are in control and that the price is likely to continue to rise. This analysis is significant because it suggests that the current price increase is not just a short-term fluctuation, but rather a sign of a longer-term trend reversal. If the golden cross pattern holds, it could lead to a significant increase in Bitcoin's price.