#CreatorPad Bitcoin at $150,000: How Likely is a Bullish Scenario for BTC.

The price of Bitcoin has decreased by 2.4% over the last 24 hours, remaining just above $115,000. Traders are exercising caution, but one bullish pattern may indicate whether BTC will surge to $150,000 or lose its upward momentum.

CMF Divergence Indicates Quiet Accumulation

The Chaikin Money Flow (CMF) index tracks buying and selling pressure, taking into account price and volume. A high CMF value indicates strong capital inflows, while a decline indicates outflows.

Bullish Flag Paves the Way for Bitcoin Price at $150,000

The 3-day chart shows a classic "flagpole and pennant" structure:

Flagpole: a sharp rise of 25% at the beginning of the month.

Pennant: narrowing and consolidation after the rise.

It all depends on price dynamics:

Above $119,700: A rise to $150,000 is possible.

Below $114,000: The bullish scenario collapses, and the risk of a decline increases. $XRP