Bitcoin has clawed back above the $100,000 mark following a volatile week that saw it dip to $98,000 and liquidate billions in leveraged positions. According to crypto analyst Ash Crypto, the daily chart (1D) now reflects a textbook bullish flag, a continuation pattern that often signals further upside in established uptrends.
The flagpole was formed during Bitcoin’s parabolic rally from $87,000 to above $110,000, and recent consolidation has created a downward-sloping flag. This structure is often viewed as a resting phase before the next leg higher.
Ash highlighted that the imbalance of nearly $98K has now been filled, removing excess liquidity and setting the stage for a cleaner upward move.
This technical setup gains further relevance as market participants regain risk appetite following a week of macro uncertainty and forced liquidations. With $100K reclaimed, traders are now watching for a breakout above the upper trendline, potentially targeting $110K and beyond.
Bitcoin Price Prediction: Key Levels and Technical Signals
From a technical standpoint, Bitcoin price prediction remains bearish below the psychological resistance level of $100,000. BTC’s recovery above $100,000 coincides with a bounce from the flag’s lower support.
Bitcoin Price Chart – Source: TradingviewWhile the 50-day exponential moving average (EMA) near $102,600 continues to cap upward momentum, a clean daily close above it would offer early confirmation of a bullish breakout.
Here’s what traders are watching:
Support levels: $100,000, $98,720, $97,095 Resistance levels: $102,625 (50 EMA), $105,276, $110,000 Pattern: Bullish flag with confirmed lower trendline bounce MACD: Momentum flattening, awaiting crossoverMarket sentiment remains mixed. On lower timeframes, BTC has printed a sequence of lower highs and bearish rejections near the EMA. However, the daily structure holds stronger weight, especially as the market absorbs recent shocks.
What’s Next for BTC?
The near-term outlook hinges on whether BTC can break above the descending trendline and reclaim the 50 EMA on strong volume. Failure to do so may prompt another retest of the $98,000 region, where the last liquidity sweep occurred. But if buyers regain dominance, this flag pattern has a potential to play out into a breakout rally toward $110,000, fuelled by sidelined capital and renewed confidence.
Potential trade setups:
Bullish Entry: Above $102,600 (confirmed daily close), targeting $105K–$110K Bearish Risk: Breakdown below $98,720 may expose $97KDespite short-term choppiness, Bitcoin’s longer-term uptrend remains structurally intact. Analysts suggest that the ongoing consolidation is healthy after months of vertical gains and could set the foundation for a stronger Q3.
With Bitcoin dominance still elevated and trading volume exceeding $62 billion in the last 24 hours, eyes remain fixed on this potential breakout zone.
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