Bitcoin Bull Flag Breakout Suggests Possible Targets Between $130K and $152K

Key Points

1. Bitcoin's Bull Flag breakout confirms a strong uptrend, with the price rallying from $68,000 to $110,000 before consolidating and breaking above $110,000 in early July.

2. Key support levels are at $110,000 to $112,000, with a potential upside target near $152,000 if the price remains above $115,000.

3. Analysts project near-term targets between $128,000 and $136,000, driven by institutional demand, Bitcoin ETF inflows, and robust Treasury yields.

4. Respected analyst Dr Profit forecasts a $130,000 target, following accurate predictions of previous all-time highs.

5. Maintaining price above $110,000 is critical for sustaining bullish momentum, with potential corrective pullbacks to $100,000 if support levels are breached.