๐ BTCUSDT (12H) In-Depth Analysis: Major Momentum Brewing
Bitcoin (BTC) is currently exhibiting a very promising technical structure โ a Double Bullish Flag, a rare yet powerful continuation formation that often precedes strong upside momentum.
This dual-pattern structure reflects market strength and smart accumulation, with bulls maintaining control while allowing for healthy pauses before potential expansion to higher levels.
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๐ Technical Breakdown: Double Bullish Flag Structure
๐ธ 1. Primary Bullish Flag:
Formed after a sharp rally from around $95,000 to $113,000 (flagpole).
Price then consolidated within a clear descending channel, forming a classic Bullish Flag pattern.
Breakout from this pattern occurred in early July, confirming bullish continuation.
๐ธ 2. Secondary Bullish Flag (Mini Flag):
After the breakout from the main flag, BTC formed a second smaller flag pattern โ a narrow descending channel from ~$123K to ~$119K.
This is known as bullish flag stacking โ a pattern of "flag on top of flag", signaling trend strength and smart consolidation.
This mini-flag now acts as a launchpad for the next potential breakout.
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๐ Bullish Scenario: Preparing for a Breakout
If BTC breaks above the upper resistance of the mini flag (~$123,200), it will signal a fresh bullish continuation.
๐ฏ Potential Upside Targets:
Conservative target: $126,000 โ $128,000
Full measured move target (from flagpole): $132,000 โ $135,000
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Confirmation criteria:
Strong candle close above $123.2K
Accompanied by rising volume and upward RSI momentum (but not overbought)
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๐งจ Bearish Scenario: Breakdown and Retest
If BTC fails to break above the flag and instead drops below the flag support (~$119,400), we may see a short-term correction.
๐ป Key Support Levels:
$117,000 โ minor horizontal support
$113,000 โ $115,000 โ strong demand zone and previous breakout area
โ ๏ธ As long as price holds above $113K, the broader bullish trend remains intact. A pullback to this zone could offer a prime retest-buying opportunity.
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๐ Key Price Levels to Watch:
Level Role
$123,200 Mini-flag resistance (breakout trigger)
$121,600 Mid-range resistance
$119,400 Flag support
$117,000 Horizontal retest zone
$113,000 Major support (trend invalidation if lost)
$132K โ $135K Projected breakout target
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๐ก Conclusion: BTC in Critical Zone Before Potential Expansion
This Double Bullish Flag formation is one of the most technically constructive setups BTC has shown in weeks. It reflects a strong, patient market โ with bulls preparing for another leg higher.
If the breakout from the second flag confirms, Bitcoin could rally toward $135,000, backed by momentum, volume, and clean structure. However, a breakdown would only signal a short-term cooldown unless support at $113K is lost.
๐งญ Stay focused on breakout confirmation, volume spikes, and market sentiment. This could be the calm before a bullish storm.
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