CandleFocus Bitcoin Flag Pole Pattern Puts Price At $120,000, Analyst Explains The Roadmap
2025-02-13
Author: Content Editor
The cryptocurrency market, particularly Bitcoin, has been experiencing volatility with the price dropping below $100,000. However, a classic Flag Pole pattern is emerging on the Bitcoin price chart, leading to bullish predictions from analysts. Crypto expert Weslad believes Bitcoin could reach a new all-time high of over $120,000, citing the formation of the Flag Pole pattern. The recent pullback is seen as a strategic move to accumulate Bitcoin at favorable prices. Weslad also notes a breakout from a Descending Channel, signaling a possible resurgence of Bitcoin's bullishness and an initial surge to $108,089. In order for Bitcoin to reach its ultimate target of $120,843, it needs to maintain positive momentum and successfully flip an external supply zone between $108,000 and $109,000.
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