Bitcoin Primed for Explosive Rally as Bullish Patterns Emerge—ETF Hype Ignites Breakout Bets
Bitcoin's coiled-spring price action signals an imminent surge—and Wall Street's ETF gamblers are piling in.
The setup: Classic bullish technical formations (think ascending triangles, cup-and-handle) suggest BTC is consolidating before its next leg up. Meanwhile, spot Bitcoin ETF inflows hit $1.2B this week—institutional FOMO is real.
The catalyst: A decisive break above $70K could trigger algorithmic buying frenzies and squeeze short sellers into oblivion. Cue the 'number go up' memes.
The wildcard: SEC Chair Gary Gensler still hates crypto—but even regulators can't stop money flowing into shiny new financial products (especially when fees are at stake).
Bulls eye $100K. Bears get rekt. The casino stays open 24/7.
Bitcoin chart analysis
. The ETF added over $52 billion in assets. It now holds $74.5 billion, making it one of the biggest ETFs in the U.S. Fidelity’s FBTC has $12 billion in inflows and now has $21.5 billion in assets.
The soaring bitcoin demand is happening at a time when the supply on exchanges has continued falling. Santiment data shows that there are 1.21 million coins on exchanges, its lowest level since December 2017.
The daily chart indicates that Bitcoin has rebounded over the past few days, rising from a low of $98,253 to $107,400. It remains above the 50-day and 100-day Exponential Moving Averages, a sign that bulls are in control.
Bitcoin has formed a bullish flag pattern, one of the most positive signs in technical analysis. This pattern comprises a vertical line and a descending channel, which is part of the flag.
It has also formed a cup-and-handle pattern, consisting of a rounded bottom and a descending channel. This channel is part of the bullish flag.
Therefore, the most likely scenario is that it rebounds and possibly reaches its all-time high of $111,900. A MOVE above that level will indicate further upside, potentially reaching the psychological point at $115,000.
