Bitcoin Price Prediction – Bull Flag Pattern Points to $144K Rally, Says Top Analyst

Bitcoin (BTC) is holding steady above $107,000 after posting a 4.89% weekly gain, signaling that bulls may be regaining control. While the monthly chart remains muted, up just 1.06%, technical structure on the daily timeframe is starting to take shape.

Renowned analyst Merlijn The Trader has spotted a bull flag, a classic continuation pattern, on the BTC daily chart. The setup began with the vertical “flagpole” from $74,000 to $110,000, formed in April and May. Since then, price action has consolidated into a descending channel, creating the flag formation.

$BTC IS READY TO BREAK FREE

Bull flag formed. MACD just flipped.
Target: $144,000

Front-run the breakout or FOMO in late. pic.twitter.com/mfuZf4gfdN

BTC recently poked above this descending range, suggesting that the next leg higher may be underway. Using standard measured move calculations, the flag projects a breakout target near $144,000, a 34% move from current levels.

Beyond the breakout structure, the MACD indicator is flashing a new bullish crossover, its first since early June. The MACD line has crossed above the signal line just as BTC tested the upper end of its consolidation zone, reinforcing the breakout potential.

Technical Highlights:

• Pattern Target: $144,000
• Breakout Trigger: Close above $109,000
• MACD Crossover: First bullish signal in weeks
• Immediate Support: 50 EMA at $107,347

That said, a sustained push above $109,000 is still needed to validate the pattern. Without confirmation, Bitcoin risks falling back into range-bound trading.

BTC remains confined within a narrow band between $106,450 and $108,980. The 50-period EMA at $107,347 is acting as near-term support, but repeated rejections below $109,000 show hesitation.

MACD histogram momentum is still flat, so traders should watch for volume confirmation before taking breakout trades.

Trade Setup Suggestion:

• Buy Trigger: Daily close above $109,000
• Stop Loss: Below $106,450
• Target 1: $110,448
• Target 2: $111,944

Downside levels: If BTC fails and closes below $106,450, the following supports lie at $104,687 and $102,979.

While BTC hasn’t yet confirmed a full breakout, the alignment of a bull flag structure with a fresh MACD buy signal suggests the market could be setting up for a bigger move. If $109,000 is cleared with strong follow-through, $144K becomes a valid technical target.

Until a clear breakout occurs, the Bitcoin price prediction signals a neutral bias in the short run, but a bullish structure is intact.

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