$BTC

The bulls have a clear trajectory to continue pushing the price upward. The most encouraging aspect of this breakout is that bull flags are continuation patterns. This means it could be the resumption of the significant bullish movement observed from April to May of this year, which recorded a gain of 50.5%.

Using the size of the flag's 'pole' to estimate how far BTC can rise after this breakout, we could set a medium-term target of $163,000 for the leading cryptocurrency.