BITCOIN / TETHER
Long

Double Bullish Flag on Bitcoin — Next Rally to $135K?

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📊 BTCUSDT (12H) In-Depth Analysis: Major Momentum Brewing

Bitcoin (BTC) is currently exhibiting a very promising technical structure — 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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🔍 Technical Breakdown: Double Bullish Flag Structure

🔸 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.


🔸 2. Secondary Bullish Flag (Mini Flag):

After the breakout from the main flag, BTC formed a second smaller flag pattern — a narrow descending channel from ~$123K to ~$119K.

This is known as bullish flag stacking — 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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🚀 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.

🎯 Potential Upside Targets:

Conservative target: $126,000 – $128,000

Full measured move target (from flagpole): $132,000 – $135,000


✅ Confirmation criteria:

Strong candle close above $123.2K

Accompanied by rising volume and upward RSI momentum (but not overbought)

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🧨 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.

🔻 Key Support Levels:

$117,000 – minor horizontal support

$113,000 – $115,000 – strong demand zone and previous breakout area


⚠️ 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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📌 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 – $135K Projected breakout target

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💡 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 — 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.

🧭 Stay focused on breakout confirmation, volume spikes, and market sentiment. This could be the calm before a bullish storm.

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