โฟ ๐ฐ๐๐๐ง๐๐ข๐๐ก ๐๐๐๐ฅ๐ง ๐๐ก๐๐๐ฌ๐ฆ๐๐ฆ โ June 17, 2025 ๐ข
Hereโs a polished chart-focused breakdown โ no price commentary, just technicals and patterns ๐
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๐ถ 1. Bullish Flag Breakout
$BTC broke out of a bullish flag on the daily chart, following a sharp rally and a brief consolidationโclassic continuation setup .
This breakout signals strong near-term bullish momentum.
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๐ถ 2. Golden Cross Confirmation
The 50-day MA has crossed above the 200-day MAโa golden cross, historically indicating sustained uptrends .
Previous crosses led to big gains, making this a powerful bullish tool.
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๐ถ 3. Cup-and-Handle Formation
Daily chart shows a cup-and-handle pattern forming with neckline near ~$111Kโ112K .
A breakout above the neckline could target an extension toward ~$114K to ~$137K.
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๐ถ 4. Key Support & Liquidity Zones
A strong demand zone formed between $104Kโ105K, with an equal-high liquidity cluster around $106Kโ107K .
Watch for price to hold above these zones to maintain bullish bias.
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๐ข Bullish Case
Breakout above the flag and neckline, supported by golden cross and institutional demand, could fuel a rally to $114Kโ$137K .
๐ด Bearish Risk
Failure above $107K resistance or a drop below the $104Kโ105K demand zone may lead to a retest of $100K support .
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๐ Trading Insights
Watch daily close above $112K to confirm cup-and-handle breakout.
If price retreats, set stop-losses just below the $104K zone.
Use Fib levels to measure extension targets (~15% from breakout).
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Bottom Line:
BTC is displaying multiple bullish patternsโflag breakout, cup-and-handle, golden crossโall pointing to the potential for a strong rally. But these rely on holding key support and proving the breakouts.
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