Bitcoin (BTCUSD) broke above its previous All Time High (ATH) Zone and the buying pressure accelerated so much that it even crossed above the $118k level early in the E.U. session.
Technically the bullish trend doesn't seem to stop there as following the Bull Flag (we've analyzed this extensively the previous days) break-out of mid-May to June, the long-term Bullish Leg that started on the April 07 2025 bottom, is looking now for its 2nd Phase (extension).
Based on the previous two Bullish Legs since 2024, we should be expecting at least a +91.12% rise from the April bottom, as so far the symmetry among all three fractals is remarkable. Equally strong Bearish Legs (around -32%) of roughly 112 days each, gave way to the Bullish Legs, which supported by the 1W MA50 (blue trend-line) pushed the market higher.
If this pattern continues to be replicated, we should expect this Leg to peak a little over $140000 before the next correction.
Do you think we'll get there? Feel free to let us know in the comments section below!
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