Bitcoin Bullish Flag Signals Target of $103,000 Amid Surge in ETF Inflows
26.04.2025 23:51
Bitcoin experienced significant movement as its price surged by 12% over the past week, driven by strong underlying demand and robust technical signals. A bullish flag pattern on the 4-hour chart, observed during a move from $83,000 to $94,700 and a subsequent consolidation between $91,800 and $94,700, has signaled the potential for a sustained rally. Following a breakout from consolidation on April 25, Bitcoin is now positioned to climb towards the $103,000 target if bullish momentum continues. Market data further supports this outlook, with 95% of BTC holders in profit and record weekly ETF inflows of $3.06 billion boosting investor confidence. However, the news also cautions that a decline in market appetite could lead to retracement towards $92,000, underscoring the importance of the current demand level for the continuation of the rally.
Bitcoin's robust technical signals, including the clear bullish flag pattern, combined with record ETF inflows, strongly support an anticipated upward price trajectory towards $103,000. In the short term, the consolidation phase between $94,600 and $95,504 may offer a pause before a breakout if bullish sentiment persists. Historically, similar patterns have led to significant rallies post-breakout, though a drop in market appetite could temporarily trigger minor retracements. Overall, the combination of technical and fundamental indicators makes a continued price increase likely in the near term, with sustained bullish momentum needed to avoid reversals.
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