Bitcoin Forms Bullish Flag, Analyst Optimistic for Target of US$125,000? #ai #video
0Bitcoin Forms Bullish Flag, Analyst Optimistic for Target of US\$125,000?
Bitcoin (BTC) recently surged to the US\$108,000 level on Wednesday night (June 25). With this development, analysts remain optimistic, indicating that the crypto market is relatively bullish.
An analyst, Giuseppe Dellamotta, noted that Bitcoin is currently displaying a *bullish flag pattern* on the daily chart, following a period of consolidation after the major rally in May, with the current price hovering around US\$107,000. This pattern signals a potential uptrend, with a conservative target projection of US\$125,000 if a breakout above the US\$109,000 resistance is confirmed.
Technically, the main support zones are located at *US\$103,600* and *US\$100,000**, while key resistance levels are at **US\$109,000* and **US\$112,000**. If the price breaks through these resistance levels, the chance of reaching the US\$125,000 to US\$130,000 range becomes more likely.
The recent price increase has been driven by easing geopolitical tensions, particularly following the confirmed Iran-US ceasefire, as well as more expansionary monetary policies. Macro factors such as potential interest rate cuts by the Federal Reserve and strong inflows into Exchange-Traded Funds (ETFs) also strengthen the market’s positive sentiment.
Overall, Bitcoin’s **medium-term outlook remains optimistic**, supported by institutional sentiment, new capital inflows, and favorable regulatory developments. However, high volatility persists, so **risk management remains essential.