Bitcoin Eyes $140K as Bull Flag Formation Nears Confirmation — MACD Signals Repeat of June Rally

Bitcoin ($BTC /USD) is showing renewed strength after rebounding decisively from its 50-day moving average (MA50), a key technical level that has historically served as a strong support zone. The rebound, coupled with a potential Bull Flag breakout and an impending #MACD bullish cross, could set the stage for a significant rally toward $140,000 — and possibly $148,000 in the medium term.

Technical Bounce From #MA50 Support

Over the past three daily (1D) candles, BTC has tested and held the MA50 with precision. This triple confirmation of support has triggered a short-term rebound, taking price action toward the top boundary of its descending channel.

This structure is particularly important because Bitcoin’s recent trading pattern closely mirrors the May 20 – June 20 rally, during which a confirmed breakout led to a rapid price surge. The resemblance between the two periods is raising optimism among traders that history could repeat itself.

Potential Bull Flag #Breakout In technical analysis, a Bull Flag is a continuation pattern that often precedes a strong upward price movement. It forms when prices consolidate downward in a tight channel after a steep rally, and then break out to the upside, resuming the prior bullish trend.

If #Bitcoin can close decisively above the channel resistance, the pattern would be technically confirmed as a Bull Flag. This would signal that the current consolidation phase is merely a pause before another bullish leg higher.

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