According to crypto analyst TradingShot, Bitcoin is expected to reach a new all-time high in the near future. The analyst posted his research on the TradingView portal. Despite TradingShot's optimistic outlook, the BTC price is moving below $30,000. Meanwhile, the flagship crypto has failed to break through the key resistance level amid a long consolidation. However, TradingShot assures that BTC has new highs ahead. The crypto analyst's optimistic forecasts are based on the fact that the leading digital asset has formed the third golden cross pattern in history. In the long run, this is a bullish price signal. TradingShot notes that the previous golden cross patterns significantly boosted Bitcoin's price. According to the BTC chart, after crossing the 200-day moving averages on the three-day time frame (3D MA 200), the current level turned into a key support capable of supporting the uptrend. TradingShot projected that the next likely target for Bitcoin's uptrend would be its all-time high last seen at $69,000, considering previous golden cross cycles. Notably, the golden cross pattern is formed when the short-term moving average crosses the long-term one. As for the recent BTC’s golden cross, it appeared when the cryptocurrency was trading above the 3D MA50 and 3D MA200. This indicates a bullish trend for the digital asset. However, technical analysis from TradingView forecasts a bearish scenario. At the same time, a significant number of BTC holders (69.2%) are not ready to sell them. Nevertheless, the outlook for BTC is rather gloomy as the number of coins sent to exchanges has sharply decreased in recent weeks.