As the cryptocurrency market awaits clearer signals after the correction period, Bitcoin is quietly sending a positive message through a classic technical pattern: “Bull Flag”. According to experts from MakroVision, this is not simply a correction, but could be an accumulation phase preparing for a new breakout of the world’s leading digital currency.
Technical signals show healthy accumulation
In a recent technical analysis, MakroVision pointed out that Bitcoin is forming a “bull flag” pattern. This is a familiar sign that often appears after a strong rally, when the market pauses to “gain momentum” before continuing the rally.
Experts emphasize: this is a necessary resting period and not a reversal signal. This shows that investor sentiment is still positive and confidence in the uptrend is still maintained.
Price zones to watch: Resistance and support
In the short term, Bitcoin is facing a key resistance zone around $121,100 – which coincides with a notable Fibonacci retracement level. If the price breaks above this level, the possibility of a new rally is high, with potential targets being:
- 129,600 USD
- 133,800 USD
On the contrary, the nearest support zone is at $113,600 – corresponding to the Fibonacci level of 0.382. Corrections to this zone are normal and do not cause major concerns if there is no sudden selling pressure.
The bullish structure remains strong if it holds above $106,000
MakroVision emphasizes that Bitcoin’s mid-term bullish structure remains intact as long as the price remains above $106,000. This is a key support area in the short to medium term. If it holds, Bitcoin could enter a new bull cycle – especially since technical signals are converging positively.
Conclude
The “bull flag” pattern that is forming is a notable signal for a new wave of Bitcoin. Although further price confirmation is needed, the current positive signs are fueling market sentiment.
