#Bitcoin Breaks $120K — Bull Flag Signals $135K Next?
Price breached the bull flag and rose over VAH around $120K.
Anchored VWAP and volume profile support $110K–$112K.
If momentum sustains, Fibonacci objectives are $135K, $152K, and $173K.
Continuous ETF inflows and short liquidations promote breakout.
Bullish but not exuberant on X and derivatives platforms.
Retracement risk—Healthy pullback?
Last directional leg goal 0.768 Fib extension ($122,431.8) was reached by Bitcoin.
Momentum may stall when RSI rises and volume declines.
Here, profit-taking and consolidation make sense.
Monitor key support levels
Anchored VWAP + Value Area $113K–$110K Price may drop from high zone, lengthy entrance.
Bullish case weakens below $107K zone: Broader range structural support with large High Volume Node.
Where are we topping out?
Bitcoin's latest rise broke $120K, a target for traders. This move was forecast by bull flag breakout and Fib extension trackers, but it puts Bitcoin in a historically sensitive local peak region.
The Weekly Logarithmic Regression Curve, mentioned in prior investigations, is the instrument.
This curve has been a strong top indication in the previous four main Bitcoin cycles since 2010 when applied to the weekly, logarithmic BLX (Bitcoin Liquid Index).
Weekly log curve chart: BTC is reaching $123,885.51, the first upper barrier of the long-term log growth curve. Historically, significant rallies halt or reverse in this opposition area.
The charts say:
Price presently rests at $123K–$125K, which might be rejected.
Our upper limit forecast is $172K, the Daily and Weekly charts' third and final Fib extension goal.
Timing vs. Position: This first outer band has obvious mid-cycle stalls and cycle tops. As of yet, we have not tested this zone, and Bitcoin futures data show BTC is not at peak euphoria.
No, this isn't the macro top, but profit-taking may intensify or momentum decelerate before the next move upward.
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