Key Takeaways:
$BTC has broken out of a key bull flag pattern, signaling potential continuation of its uptrend.
Analysts highlight bullish setups like double bottoms and ascending triangles forming across timeframes.
Resistance levels at $110K–$114K and support at $104K–$106K will be critical in determining BTC’s next move.
Bitcoin’s latest breakout from a textbook bull flag formation has traders buzzing about what comes next. After weeks of consolidation, $BTC surged past the upper trend line, triggering bullish momentum and renewed optimism. Technical analysts are now watching closely as BTC tests resistance zones and forms bullish continuation patterns, with price targets ranging from $113K to $122K. But with indicators showing mixed signals, the market remains at a pivotal juncture.
Bullish Patterns Fuel Momentum
According to chart analysts, Bitcoin’s breakout aligns with multiple bullish setups. On the 1-hour chart, a double bottom within the flag structure suggests upward continuation, while the 4-hour chart shows an ascending triangle, often a precursor to strong rallies. $BTC is currently retesting the breakout zone near the 200-day moving average, a key support level. If momentum holds, targets include $113,700, $115,867, and $122,143.
Risks and Reversals to Watch
Despite the bullish outlook, traders are cautious. A rare diamond top pattern could signal a reversal if confirmed, with downside targets near $103,079. Indicators like RSI and MACD show neutral-to-bullish signals, but overbought conditions hint at a possible short-term pullback. BTC’s ability to hold above $108K and break through $110K resistance will determine whether this move is a launchpad or a false breakout.
