Is Bitcoin about to surge to $140,000? This time it's not a dream, but a 'flag' signal!
CoinDesk analyst Omkar Godbole: Bitcoin is currently in a textbook-level 'bullish flag' structure — one of the most classic technical patterns during the acceleration phase of a bull market!
What does this mean? It means that after experiencing a violent surge, Bitcoin is entering a consolidation phase characterized by low trading volume and low volatility, like an arrow drawn back, ready to be released.
Here comes the key point:
As long as it breaks through $109,000, it will directly open the door to $146,000!
This flag consolidation is like bulls taking a breath and drinking some water, preparing for the next acceleration.
But be careful:
This is still just a possibility in terms of the pattern. If it fails to break through $109,000, the flag may turn into a 'fake move' or even a 'cliff.' However, once a successful breakout occurs — the main upward wave of the market is just beginning!
Are you planning to chase after $146K, or are you keeping a close eye on this 'bullish flagpole' now?
Don't wait until the next wave of the market arrives to say, 'I saw this pattern back then'…
