Bitcoin (BTC) is holding steady above $107,000 after posting a 4.89% weekly gain, signaling that bulls may be regaining control. While the monthly chart remains muted, up just 1.06%, technical structure on the daily timeframe is starting to take shape.
Renowned analyst Merlijn The Trader has spotted a bull flag, a classic continuation pattern, on the BTC daily chart. The setup began with the vertical “flagpole” from $74,000 to $110,000, formed in April and May. Since then, price action has consolidated into a descending channel, creating the flag formation.
$BTC IS READY TO BREAK FREE
Bull flag formed. MACD just flipped.
Target: $144,000
Front-run the breakout or FOMO in late. pic.twitter.com/mfuZf4gfdN
— Merlijn The Trader (@MerlijnTrader) June 28, 2025
BTC recently poked above this descending range, suggesting that the next leg higher may be underway. Using standard measured move calculations, the flag projects a breakout target near $144,000, a 34% move from current levels.
MACD Buy Signal Backs the Bullish Case
Beyond the breakout structure, the MACD indicator is flashing a new bullish crossover, its first since early June. The MACD line has crossed above the signal line just as BTC tested the upper end of its consolidation zone, reinforcing the breakout potential.
Technical Highlights:
Pattern Target: $144,000
Breakout Trigger: Close above $109,000
MACD Crossover: First bullish signal in weeks
Immediate Support: 50 EMA at $107,347
That said, a sustained push above $109,000 is still needed to validate the pattern. Without confirmation, Bitcoin risks falling back into range-bound trading.
Bitcoin Key Levels and Trade Setup to Watch
BTC remains confined within a narrow band between $106,450 and $108,980. The 50-period EMA at $107,347 is acting as near-term support, but repeated rejections below $109,000 show hesitation.
Bitcoin Price Chart – Source: Tradingview
MACD histogram momentum is still flat, so traders should watch for volume confirmation before taking breakout trades.
Trade Setup Suggestion:
Buy Trigger: Daily close above $109,000
Stop Loss: Below $106,450
Target 1: $110,448
Target 2: $111,944
Downside levels: If BTC fails and closes below $106,450, the following supports lie at $104,687 and $102,979.
Bitcoin Outlook: Momentum Building, But Patience Required
While BTC hasn’t yet confirmed a full breakout, the alignment of a bull flag structure with a fresh MACD buy signal suggests the market could be setting up for a bigger move. If $109,000 is cleared with strong follow-through, $144K becomes a valid technical target.
Until a clear breakout occurs, the Bitcoin price prediction signals a neutral bias in the short run, but a bullish structure is intact.
Bitcoin Hyper Presale Surges Past $1.74M as Price Rise Nears
Bitcoin Hyper ($HYPER), the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM), has surpassed $1.74 million in its public presale, with $1,748,091.98 raised out of a $1,974,249 target. The token is priced at $0.012075, with the next price tier expected within hours.
Designed to merge Bitcoin’s security with Solana’s speed, Bitcoin Hyper enables fast, low-cost smart contracts, dApps, and meme coin creation, all with seamless BTC bridging. The project is audited by Consult and engineered for scalability, trust, and simplicity.
The golden cross of meme appeal and real utility has made Bitcoin Hyper a Layer 2 contender to watch in 2025. With staking, a streamlined presale, and full rollout expected by Q1, $HYPER is gaining serious traction.
The post Bitcoin Price Prediction – Bull Flag Pattern Points to $144K Rally, Says Top Analyst appeared first on Cryptonews.
