Bitcoin is holding steady above $107K and showing signs of another jump, even with high interest rates and a strong U.S. dollar.
BTC is moving in a healthy pattern with steady prices and rising lows, hinting that a breakout to $137K could be coming soon.
Bitcoin is acting differently from other assets by rising even as the economy tightens, showing it's becoming a solid long-term bet.
Bitcoin is showing signs of a continued rally, with bulls aiming for the $137,000 price target. The cryptocurrency trades above $107,000 and is forming a textbook bull flag. This pattern suggests a pause in the rally before the next big leg up. Moreover, the MACD shows a bullish crossover, further reinforcing upside expectations. Bitcoin has already broken past $100,000, confirming strong momentum despite global uncertainties.
Source: Titan of Crypto
Besides, the price is within a tight consolidation range between $105,000 and $110,000. This creates the “flag” portion of the pattern. Meanwhile, the earlier rally from $72,000 to $110,000 forms the “flagpole.” Technically, this setup projects a price move toward $137,843. The pattern holds as Bitcoin forms higher lows, respecting the rising trendline. Additionally, trading volume supports the pattern’s validity, remaining stable during consolidation—typical in bullish continuation setups.
Momentum Indicators Signal Upside Strength
Momentum indicators on the daily chart point toward growing buying strength. The MACD shows a bullish crossover for the second time in four months. These crossover points occurred in March and June, both during major trend shifts. The orange and blue MACD lines confirm renewed bullish energy.
Market structure is intact with higher highs and higher lows still forming. Moreover, sideways movement in a rising market often indicates healthy consolidation. Hence, bulls appear to be in control, patiently waiting for a confirmed breakout.
Bitcoin Decouples From Treasury Yields
In an even more historic shift, Bitcoin rose alongside elevated U.S. Treasury yields. Traditionally, rising yields hurt risk assets. However, Bitcoin has defied this logic. It’s rising while the 10-year Treasury yield hovers above 4%.
Source: Crypto Tice
This suggests a strong decoupling from traditional markets. Additionally, the USD index has strengthened over the same period. Yet, Bitcoin remains resilient, even climbing higher. Hence, investors view it as a long-term store of value.
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