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.
You may also like
S&P expects SK Hynix to launch another maximum 40 trillion won buyback in the fourth quarter, coupled with generous dividends, providing new catalysts for Korea's Value-up market trend.
S&P Global Market Intelligence predicts that SK Hynix may announce a new stock buyback plan worth between 20 trillion and 40 trillion Korean won in the fourth quarter of this year. This news pushed its ADR to surge more than 6% on Tuesday, and its Korean stock price once jumped 5% on Wednesday. S&P noted that, alongside Samsung Electronics’ cancellation of treasury stocks and large-scale dividends, these two giants are expected to set a new benchmark for corporate governance in the Korean capital market, helping to resolve the long-standing "Korea discount" dilemma.
Inti Agri Resources’ free float falls to 51.1% in August shareholding report
The higher the yen rises, the more retail investors short! 3.61 trillion yen short bets defy the trend, triggering a short squeeze warning
Even though the yen has reached its highest level in months, Japanese retail investors continue to bet that its sharp rebound will come to an end, and are consistently increasing their short positions.
2-Yr Benchmark Govt Yields - U.S. vs Other Nations
Crypto prices
More
