Bitcoin Forms Bullish Flag, Analysts Optimistic Targeting US$125,000**
Bitcoin (BTC) recently experienced an increase to US$108,000 on Wednesday night (25/06). With this, analysts are optimistic that the crypto market is relatively *bullish*.
An analyst, Giuseppe Dellamotta, stated that Bitcoin is currently showing a *bullish flag* pattern on the daily chart, with consolidation since the major rally in May and the current price around US$107,0000. This pattern signals an upward trend, with a conservative target projection at US$125,000 if a *breakout* above the *resistance* of US$109,000 is confirmed.
Technically, the main *support* area is at US$103,600 and US$100,000, while important *resistance* levels are at US$109,000 and US$112,000. If the price can break through the *resistance*, the chance of reaching levels of US$125,000 to US$130,000 increases.
The price increase is driven by the easing of geopolitical tensions, especially after the confirmation of a ceasefire between Iran and the US and a generally expansive monetary policy. Macro factors such as the potential for The Fed to cut interest rates and the inflow of *Exchange-Traded Funds* (ETFs) also strengthen positive market sentiment.
Overall, the medium-term outlook for Bitcoin remains optimistic, supported by institutional sentiment, new capital inflows, and conducive regulatory developments. However, volatility remains high, so risk management is still necessary.
*Disclaimer Alert. Not Financial Advice* (NFA). *Do Your Own Research* (DYOR).