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Bitcoin Bull Flag Pattern Signals Potential Rally Towards $152K Amidst Strong Institutional Demand

Bitcoin has confirmed a significant breakout from a Bull Flag technical pattern, signaling strong bullish momentum that many analysts believe could propel the flagship cryptocurrency significantly higher.

The breakout occurred after a previous rally pushed Bitcoin from $68,000 to $110,000. Following this surge, the price consolidated, forming the anticipated Bull Flag, before decisively breaking above the $110,000 resistance level in early July.

Technical analysts highlight $110,000 to $112,000 as crucial support. Maintaining price above this zone is considered essential for sustaining the current uptrend. Should this support hold, upside targets are projected near $152,000.

Based on the pattern’s technical measurements and confirmation signals, near-term price targets are concentrated between $128,000 and $136,000. This bullish outlook is reinforced by sustained institutional interest, evidenced by consistent Bitcoin ETF inflows combined with robust Treasury yields attracting sophisticated capital.

Adding to the bullish sentiment, respected market analyst Dr. Profit, known for accurately predicting previous all-time highs, has publicly forecasted a Bitcoin price target of $130,000.

However, analysts caution that breaching the critical $110,000 to $112,000 support range could trigger corrective pullbacks. A sustained drop below this level might see Bitcoin retest the $100,000 region.

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