BTC is looking very bullish. Two patterns are visible. One is a Bullish Flag Pattern, and the other is a V pattern on the Daily Time frame. The entire run since April 2025 has had very little retracement, making it an extension wave count. Extension waves run in 5+4+4 waves and can go up to 21 to 24 waves in a single move.
So, any breakout above $ 112000, we will see the price run towards $140000-$160000.
Learning: Bullish Flag Pattern
Bullish Flag Pattern is when the price moves faster upwards, making a pole and then a consolidation happens at the top with not much retracement, making a flag. It’s a bullish continuation pattern. Pole Distance is used for target calculation. When the price breaks out, it will travel the same distance as the pole.
Disclaimer
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