Key Takeaways
$BTC is expected to break into uncharted territory, with analyst Pentoshi forecasting a surge to $118,000–$120,000 in the coming days.
Memecoin $FLOKI shows a chart pattern nearly identical to BONK’s pre-rally setup, suggesting a potential explosive move.
$BONK has already rallied 100% since late June, and analysts expect further gains if it clears key resistance levels.
Bitcoin’s Breakout Momentum Builds
Crypto analyst Pentoshi, known for his timely market calls, believes Bitcoin is on the verge of a historic breakout. With BTC currently trading around $108,000, he anticipates a swift rally to new all-time highs between $118,000 and $120,000. Pentoshi cites strong tailwinds for both Bitcoin and Ethereum, suggesting that the broader market is primed for upside movement barring any unexpected macro shifts.
This bullish sentiment is supported by increasing institutional interest and favorable technical setups. If BTC breaches its current resistance, the move could trigger a wave of momentum-driven buying, propelling it into price discovery mode.
FLOKI’s BONK-Like Setup Sparks Speculation
While Bitcoin grabs headlines, FLOKI is quietly setting up for what could be a BONK-style explosion. Pentoshi notes that FLOKI’s chart mirrors BONK’s pre-rally structure, with potential targets at $0.000121 and $0.000206. Currently trading at $0.000081, FLOKI could see significant upside if it enters its previous trading range.
BONK, meanwhile, has already surged 100% from its June 25th low and is approaching resistance at $0.0000258. A breakout above this level could push BONK toward $0.0000367, marking another leg up in its rally.
With Bitcoin eyeing new highs and FLOKI potentially following BONK’s explosive trajectory, the crypto market is heating up. Traders are watching closely for confirmation signals that could ignite the next wave of bullish momentum.
