Bitcoin's bull flag officially takes effect after many years: BTC monthly line confirms a breakthrough at 116,000 USD, with the ultimate target of 250,000 USD on the way.
The historic breakthrough of the multi-year bull market flag has been confirmed by the monthly chart! Bitcoin (BTC) made a strong rebound after a deep pullback from $113,000, successfully reclaiming the key position at $116,000. The perfect filling of the CME gap signifies a complete technical strengthening. Renowned analyst Doctor Profit confirms a short-term ATH target of $140,000 to $145,000, while macro channel analysis shockingly reveals an ultimate target of $250,000! The monthly breakthrough opens up a 130% upside potential, and the two instances of market panic sell-offs cumulatively triggered $214 million in liquidations, which instead became the strongest whipsaw signal, thoroughly cleansing weak hands, and diamond hands completed the final build a position. Technical indicators show that the macro sideways consolidation has ended, and the largest bull market cycle in history has officially started; $250,000 is no longer a dream but a mathematical certainty!
View OriginalLast edited on 2025-08-08 07:08:17