Jun 26, 2025
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Bitcoin Forms Bull Flag Pattern Indicating Potential Price Surge to $140K
Bitcoin's BTC price analysis indicates a potential breakout.
- The price chart shows a "bull flag" formation, suggesting a rally could reach $140,000.
- BTC rose from approximately $74,700 to nearly $111,900 over six and a half weeks until May 22.
- Current trading is within a descending range, forming the bull flag identified by trendlines connecting key highs and lows.
- A confirmation of a bullish breakout requires a move above $109,000, potentially leading to a target of $146,000.
- The bull flag represents low-volume consolidation after a sharp increase, typically resolving in the direction of the preceding uptrend.
- While failures can occur, patterns like this generally have low failure rates, making them favorable for trading.
