Bitcoin holds above $113K after bull pennant breakout, keeping the $137K target in focus.
98% of BTC holders are in profit, with strong long-term holding trends reinforcing market stability.
Large transactions hit $229B in a week as market activity remains high despite lower daily volume.
Bitcoin continues its upward trajectory after breaking out of a confirmed bull pennant pattern formed between May and July 2025. The breakout above the pivotal level near $113,000 has driven sustained price momentum. Bitcoin remains on track for the $137,000 target, maintaining a bullish continuation within the broader uptrend structure.
Price Breakout Drives Ongoing Bullish Momentum
According to analysis prepared by Titan of Crypto on X, Bitcoin completed a bull pennant pattern and broke out decisively in early July. The price surged above $113,000, which served as the key breakout level, and has since maintained higher highs and higher lows. The current price is around $118,030.29, showing an 11.23% increase over the past month.
https://twitter.com/Washigorira/status/1946514110939545708
Bitcoin’s price action remains strong, supported by trading volume and positive market sentiment. The breakout projection, calculated from the prior flagpole, sets the next target near $137,000. The chart shared by Titan of Crypto also marks a potential extended target near $138,000. The structure stays intact as Bitcoin holds above former pennant resistance.
Data from CoinMarketCap shows that Bitcoin's market capitalization is $2.37 trillion, with a fully diluted valuation of $2.47 trillion. The circulating and total supply stands at 19.89 million BTC, nearing the 21 million cap. The 24-hour trading volume is $46.37 billion, despite a 28.73% decrease.
Holder Metrics and Market Trends Support the Uptrend
According to an observation by IntoTheBlock, 98% of Bitcoin addresses are currently in profit, while 2% remain at breakeven. No addresses are at a loss, which supports continued bullish sentiment. Large holder concentration is measured at 12%, and price correlation with Bitcoin remains perfect at 1.
Holders Time Share data reveals that 76% of holders have retained their BTC for over a year, and 20% have held between one and twelve months. The data reflects strong hands in the market, further supporting the ongoing trend.
Large transactions in the last seven days totaled $229.21 billion, and netflows recorded a $1.48 billion outflow. Transaction demographics show a near-even split, with 52% from the West and 48% from the East.
The post Bitcoin Breaks Out of Bull Pennant, and $137K Target Stays in Sight, Here’s Why the Pattern Matters appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
