Bitcoin To Rally To $144,000 As Bull Flag Pattern Forms – Analyst
2025-06-29 22:55:20
Main Idea
Bitcoin shows bullish potential with a bull flag pattern indicating a possible rally to $144,000, supported by technical analysis and positive market indicators.
Key Points
1. Bitcoin prices are currently above $107,000 after a 4.89% gain in a bullish trading week.
2. Analyst Merlijn The Trader identifies a bull flag pattern on Bitcoin's daily chart, suggesting a potential 34% rise to $144,000.
3. The MACD line has crossed above the signal line, often seen as a buy signal by traders.
4. Recent candle movement shows a breakout from the bull flag's upper boundary, indicating the uptrend may resume soon.
5. Bitcoin is trading at $107,485 at the time of writing, with a minor 0.03% gain in the last day.
Description
Bitcoin prices are currently hovering above $107,000 following a bullish trading week during which the premier cryptocurrency gained by 4.89%. Interestingly, this recent price rally has translated into a 1.06% gain on the monthly chart suggesting a hinting at a gradual shift in market control back to the bulls after several weeks of descending consolidation. Notably, renowned market analyst with pseudonym Merlijn The Trader backs this emerging bullish momentum, having identified a bull flag patt...
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