Bitcoin’s ’Bull Flag’ Breakout: $140K Target in Sight as Rally Gains Momentum
Bitcoin's chart just flashed its most bullish signal since the 2021 bull run—and traders are scrambling to front-run the move.
The setup: A textbook 'bull flag' pattern has formed after BTC consolidated near all-time highs. These continuation patterns typically precede explosive upside—and this one paints a $140K price target.
Why it matters: Institutional inflows are accelerating while retail FOMO remains oddly muted. Either Wall Street knows something Main Street doesn't, or we're witnessing the calm before the storm.
The kicker: With macro uncertainty fading and ETF flows turning positive again, even the suits are quietly stacking sats. Funny how a few green candles make 'risky assets' suddenly palatable.
Flags are continuation patterns, and so the consolidation is expected to resolve in the direction of the preceding uptrend.
Still, failures can occur in two ways. First, prices can dive out of the flag, marking a bearish reversal. Second, a bullish breakout can fail, which calls for continuous monitoring of the price action.
That said, failure rates are low, according to Kirkpatrick.
"Because these patterns have low failure rates, few pullbacks or throwbacks, short time periods, and steep trends preceding and following their occurrences, they are very good trading patterns," Kirkpatrick noted.
