Analyst: The daily chart of Bitcoin shows a "bullish flag," indicating that the price may break out upwards
According to BlockBeats, on April 15, Cointelegraph reported that cryptocurrency analyst Titan of Crypto holds a bullish outlook on Bitcoin, predicting it will soar to a new all-time high of $137,000 between July and August 2025.
The analyst pointed out that a bullish flag pattern has formed on the daily chart for Bitcoin, suggesting that prices may break through to higher levels. However, before making long-term investments, Bitcoin needs to break above and maintain its position above the 200-day exponential moving average. If it can stabilize above each moving average on higher time frame charts, this could further enhance bullish expectations and give Bitcoin an opportunity to retest its six-figure target.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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