đ Bitcoin Primed for $144K Surge as Bull Flag Pattern Emerges â Top Analystâs Bold Call
Bitcoin's chart just flashed a textbook bull flagâand one analyst says it could trigger a moonshot to $144,000. Here's why traders are scrambling.
The Setup: That tightening consolidation after April's rally? Classic flag formation. Break north of resistance, and history says we're in for a violent continuation.
Why $144K Isn't Crazy: Measured move targets from the pattern's pole suggest a 120% upside from current levels. Same playbook that nailed 2021's parabolic top.
Wall Street's Dilemma: Institutions still trying to 'hedge inflation' with bonds might miss crypto's next freight train. Their loss.
One warning though: Flags fly both ways. Lose the $60K support floor, and this becomes a bear trap. But with ETF inflows hitting records and miners hodling stronger than a diamond-handed Redditor, the smart money's betting on breakout.
MACD Buy Signal Backs the Bullish Case
Beyond the breakout structure, the MACD indicator is flashing a new bullish crossover, its first since early June. The MACD line has crossed above the signal line just as BTC tested the upper end of its consolidation zone, reinforcing the breakout potential.
- Pattern Target: $144,000
- Breakout Trigger: Close above $109,000
- MACD Crossover: First bullish signal in weeks
- Immediate Support: 50 EMA at $107,347
That said, a sustained push above $109,000 is still needed to validate the pattern. Without confirmation, Bitcoin risks falling back into range-bound trading.
Bitcoin Key Levels and Trade Setup to Watch
BTC remains confined within a narrow band between $106,450 and $108,980. The 50-period EMA at $107,347 is acting as near-term support, but repeated rejections below $109,000 show hesitation.
MACD histogram momentum is still flat, so traders should watch for volume confirmation before taking breakout trades.
- Buy Trigger: Daily close above $109,000
- Stop Loss: Below $106,450
- Target 1: $110,448
- Target 2: $111,944
If BTC fails and closes below $106,450, the following supports lie at $104,687 and $102,979.
Bitcoin Outlook: Momentum Building, But Patience Required
While BTC hasnât yet confirmed a full breakout, the alignment of a bull flag structure with a fresh MACD buy signal suggests the market could be setting up for a bigger move. If $109,000 is cleared with strong follow-through, $144K becomes a valid technical target.
Until a clear breakout occurs, the Bitcoin price prediction signals a neutral bias in the short run, but a bullish structure is intact.
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