Bitcoin Bull Pennant Targets $140K, Analysts
$BTC #BitcoinNewsFlash Signal Start of Final ‘Explosive Phase’ of the Rally
July 23, 2025
Bitcoin is stabilizing below $120,000 while forming a classic bull pennant pattern, which typically indicates a potential breakout toward $136,000 to $140,000.
After recently hitting a high near $123,000, Bitcoin experienced a temporary pause in momentum — which crypto analysts interpret as a positive continuation signal.
The bull pennant often appears after a sharp rally and usually signals further upward movement. If the pattern completes successfully, a 15% price increase is expected.
However, historically, this pattern has a 54% success rate, making it moderately reliable.
In addition, other technical analysts have identified bullish chart patterns such as an inverse head and shoulders and a golden cross, both of which support a potential move toward $140,000 or higher.
Some analysts remain more cautious, suggesting a possible temporary dip to $125,000, or even down to $115,000, to shake out weak hands and bring fresh liquidity into the market — which could then fuel the rally further.
There is also a high density of buy and sell orders in this price range, which could determine the future direction of Bitcoin’s price.
Currently, Bitcoin is priced around $118,021, and if this bull pennant confirms a breakout while holding support at $115,000, a strong and potentially record-breaking rally is expected in the coming days.
Overall, analysts believe this rally could mark a new and powerful phase for Bitcoin, especially with increasing investor interest and favorable global economic conditions.
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Note: This is a news article and market analysis — it is not financial advice.