The pioneer crypto BTC confirms retest as bull flag breakout signal holds.
Analyst expects the next Bitcoin ATH target at $144,000.
One analyst expects another massive dip before a bounce to new ATHs.
The crypto market seems divided on what to expect next for the price of Bitcoin (BTC). The pioneer crypto asset continues to show a myriad of strong bullish indicators across its price chart. While a few expect another retracement, one analyst says BTC confirms retest as bull flag breakout signal holds. This analyst says that the bull run has yet to start and that the next ATH target for Bitcoin could be $144,000.
BTC Confirms Retest as Bull Flag Breakout Signal Holds
The price of Bitcoin has been through a rollercoaster of a ride this ongoing bull cycle. To start off, the pioneer crypto asset set its first cycle ATH price this bull cycle even before the Bitcoin Halving event occurred. This was the first time Bitocin pulled such a move. Usually, the Bitcoin Halving event acts as the trigger for the start of a new ATH target; this year, this move led to a deviation from the norm.
Despite the different pattern start, analysts remained focused on the main goal, Bitcoin setting new ATHs by Q4 of 2024, and altseason kicking off in Q1 of 2025. This is how the previous 4-year bull cycle pattern would have played out for the price of BTC. However, the pattern continued to deviate. To start off, Bitcoin went on to hit a string of new ATH prices, until it hit its first 6-digit prices in Q1 of 2035.
Then, when Q1 of 2025 was supposed to usher in the start of the bull cycle’s altseason peak phase, BTC went into a prolonged correction phase, dragging altcoin prices down with it. This led to a full quarter of BTC falling to much lower prices and altcoins setting bottoms before both BTC and altcoins began to pump once again. Most recently, BTC set its latest ATH price at $111,000.
$144,000 Set as the Next BTC ATH Target
Now, over a month later, the price of Bitcoin continues to move in a sideways movement, and one analyst expects Bitcoin prices to fall back once again before another bounce can occur. The crypto community seems torn between what to expect, as this analyst has made accurate predictions before. Now, he encourages all traders to set up hedge trades to protect their capital and mitigate risks, over aiming for a profit.
In contrast, other analysts are sticking to the action of the BTC price chart indicators and spot several bullish signs that would only lead to a propulsion of BTC prices towards setting new ATH prices. The bearish analyst believes political strife will delay the inevitable pump that these price chart signals are pointing towards. Ultimately, the verdict seems the same: Bitcoin will hit new ATHs in the coming months ahead.
https://twitter.com/MerlijnTrader/status/1934898822183866664
As we can see from the post above, the analyst in the post says that the price of BTC just confirmed a retest, and a bull flag breakout indication is holding strong. This bodes well for those expecting a bullish pump for the price of BTC in the coming weeks ahead. The analyst concludes by setting the next ATH bull target price for Bitcoin (BTC) at $144,000 and expects highly bullish days ahead.
