Bitcoin Price Prediction: Technical indicators suggest a potential rise of 30%, with BTC targeting $140,000.

TradingView data shows that BlackRock’s Nasdaq-listed Spot Bitcoin ETF (code: IBIT) closely tracking the Bitcoin spot price (BTC) rose 2.85% on Wednesday, briefly breaking the May high of $63.70. This strong rise propelled the Bitcoin spot price (BTC) to successfully break the $111,000 mark, demonstrating strong upward momentum in the Crypto Assets market.

⚙️ Technical Validation: Bullish Flag Breakout Confirms Bull Market Resumption

This rise confirms the bullish flag pattern that appeared earlier this month (Bull Flag) breakout signal. This key technical formation indicates that the short-term correction phase lasting five and a half weeks has ended, and the larger upward trend initiated from the April low in Bitcoin price has officially resumed. For crypto traders closely monitoring on-chain data and market analysis, this is a strong bullish technical indicator.

🚀 Target outlook: The pattern suggests a potential rise of 30%, aiming for 140,000 USD.

Bullish Flag is a recognized Bull Market Continuation Pattern. According to the Measured Move Method (, the potential rise after the breakout is typically equivalent to the initial upward wave (i.e., the “flagpole”) that formed before the pattern. This model predicts that there is at least 30% upside potential for both IBIT ETF price and Bitcoin Spot Price )$BTC(.

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Experienced chart analyst Peter Brandt also pointed out that the Bitcoin spot chart shows a bullish structure, with the BTC price prediction target pointing to $134,000. Overall, it is expected that Bitcoin )$BTC( will hit $140,000.

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) ⚠️ Risk warning: Beware of macro factors leading to pattern failure

Although technical analysis theory suggests that the failure rate of bullish flags is relatively low, traders still need to remain vigilant. If the global macroeconomic environment (such as Federal Reserve policies, inflation data, and geopolitical issues) experiences unexpected deterioration, causing prices to fall back into the previous consolidation range, this bullish technical pattern will be destroyed and invalidated, thereby overturning the current bullish expectations. Crypto Assets investment must continuously pay attention to macro risks and market volatility.

(Source: CoinDesk)