Bitcoin Bull Pennant Suggests Possible Rally Beyond $136,000 Amid Consolidation and Support Tests

Key Points

1. Bitcoin is consolidating within a bull pennant pattern, hinting at a breakout beyond $136,000, with key support around $115,000.

2. Analysts like Titan of Crypto forecast a breakout target near $140,000, aligning with the height of the preceding rally.

3. An inverted head-and-shoulders pattern reinforces the bullish outlook, supporting a target price around $140,000.

4. A short-term pullback to $115,000 is seen as a healthy consolidation before the next upward move, with liquidity heatmaps indicating potential stabilization.

5. Market sentiment and volume dynamics suggest a breakout above $121,000 could trigger accelerated buying, while a drop below $115,000 might signal a deeper correction.