🟩A “bull flag” pattern is forming on the Bitcoin chart, potentially signaling a move above $120,000 as early as this summer. Analysts point out that a breakout above the $109,000 level could open the way toward targets between $125,000 and $146,000. Additional support comes from other technical patterns, including an “inverted head and shoulders,” as well as growing global liquidity.
🟩However, in the short term, the market may remain under pressure. Investors are taking profits, and geopolitical tensions are shifting attention toward traditional assets. Nevertheless, steady demand and declining BTC reserves on exchanges are laying the groundwork for a fresh upward move by autumn.