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Bitcoin Primed for 30% Surge: This Chart Reveals the Next Big Rally

Bitcoin Primed for 30% Surge: This Chart Reveals the Next Big Rally

Author:
CoindeskEN
Published:
2025-07-10 07:57:39
9
1

Bitcoin's technical setup screams bullish—here's why traders are betting big on a 30% breakout.

The Pattern That Won't Quit

A textbook chart formation—one that's nailed every major BTC rally since 2020—just triggered again. No crystal ball needed when history keeps repeating.

Liquidity Hunt in Progress

Market makers are eyeing key resistance levels like sharks scenting blood. Break above $XX,XXX? That's when the algo traders pile in and squeeze shorts into oblivion.

Wall Street's Late to the Party (Again)

While institutional analysts still debate 'digital gold' narratives, the charts cut through the noise. Funny how technicals matter more than PowerPoint decks when real money's on the line.

One rule remains: In crypto, the market moves first and asks for permission never. Whether this rally sticks or gets dumped on like a meme coin ICO—well, that's why we trade both sides.

IBIT's daily chart. (TradingView/CoinDesk)

Flags have a low failure rate, according to technical analysis theory. That said, the pattern could fail if macro factors take a turn for the worse, pushing prices back into a counter-trend consolidation. Such a move WOULD negate the bullish outlook.

As of now, bitcoin's spot price also indicates a bullish setup, suggesting a potential rally to $134,000, according to veteran chart analyst Peter Brandt.

Peter Brandt's post on X.

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