Analyst: Bitcoin Forms Bull Flag or Hits New High of $140,000

2025-06-26 10:18:26

On June 26, a media analyst and Chartered Market Technician stated that the current Bitcoin price chart shows a well-formed “bull flag” pattern, suggesting a potential breakthrough to a new all-time high, which aligns with some traders’ expectations that the price could rise to $140,000 or even higher. However, a breakout above $109,000 is needed to confirm the bull run, which would open the door for a price increase to $146,000.

The analyst stated that the bull flag pattern represents a narrow, low-volume counter-trend consolidation that occurs after a sharp pump. The magnitude and duration of this consolidation are usually less than the previous rise, helping to alleviate short-term overbought conditions and build energy for the next round of bullish movement.

BTC-1,01%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

23 Likes