Bitcoin breaks out of a bull pennant, confirming a continuation pattern supported by strong price momentum after early 2025’s initial rally.
Price has reclaimed the $120,700 pivotal level, which previously capped gains, and flipped it into support, reinforcing bullish control.
With both breakouts aligned, technical projections suggest $137,000 is now the next logical upside target if momentum continues above support.
Bitcoin has confirmed a double breakout pattern, aligning two bullish technical structures that may push the price toward $137,000.
Bull Pennant Breakout Signals Momentum Continuation
A chart shared by Titan of Crypto shows Bitcoin breaking out from a bull pennant formation. This pattern developed after a strong rally earlier in 2025, where Bitcoin’s price consolidated within converging trendlines. The breakout above the upper boundary now confirms a bullish continuation setup.
This shift in the market indicates that the selling pressure has been absorbed by the market and that the market is now entering a new phase of upward movement. The power of the breakout make it apparent that buyers are taking back control from sellers, backed up by momentum. Traders often see this and assume it is a continuation pattern in a strong trend, further reinforcing their expectations of gains ahead.
The bull pennant’s breakout, confirmed with volume and structure, now sets the stage for a measured target near $137,000. The projected target is based on the height of the flagpole preceding the pennant formation.
Pivotal Resistance Level Flipped Into Support
Alongside the bull pennant breakout, Bitcoin has breached a pivotal horizontal resistance near $120,700. According to the tweet by Titan of Crypto, this level had previously rejected multiple bullish attempts over recent months. Its successful breach and flip into support add strength to the bullish setup.
Reclaiming this resistance reinforces the view that sentiment has shifted, allowing Bitcoin to push into a higher price range. Holding above this level is now critical for maintaining the upward structure. It also offers a new floor for price action, reducing the likelihood of a short-term reversal.
The convergence of both breakout signals—structural and horizontal—adds weight to the argument for continued upside potential. These aligned technical markers are widely respected in market analysis.
Path Toward $137,000 Now in Play
With both the bull pennant breakout and pivotal resistance reclaim confirmed, Bitcoin appears technically positioned for a continued rise. The next price magnet, based on chart projections, lies around $137,000.
As long as Bitcoin can remain above the breakout levels, the market momentum is still bullish. No further resistance levels were identified from the breakout zone until the $137,000 target, and may be a potentially unimpeded rise.
This setup now becomes a critical point of interest for traders and market watchers focused on the current bullish trend.
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