Bitcoin Bulls Target $103000 After Bullish Flag Forms
Bitcoin bulls target $103000 as the next major milestone, according to technical analysis. A bullish flag pattern has emerged on the four-hour chart, suggesting a breakout towards $103286 if confirmed. However, analysts emphasize that a rise in trading volume is crucial for the move to materialize after the quiet weekend market.
Social Sentiment Shows Record Optimism
Crypto sentiment analysis firm Santiment reports that bullish discussions about Bitcoin have hit record highs since November 5, 2024. That date coincides with Donald Trump’s U.S. presidential election victory, which boosted optimism across the market.
Weekend Flat Trading Could Trigger Big Moves
Traders are watching for slight weekend corrections or flat trading. If retail investors start selling BTC under the belief that prices have peaked, large players (“whales”) are likely to step in and accumulate, driving prices higher.
Minor Price Dip Seen Before Potential Rally
Over the past 24 hours, Bitcoin’s price dipped by 0.2%, setting the stage for the scenario outlined by Santiment analysts. A brief pullback could provide an opportunity for whales to strengthen their positions.
$100K Breakout Possible Within Weeks
If the outlined scenario plays out, Bitcoin could surpass the $100000 mark within one or two weeks. This would mark another historic moment in the ongoing 2025 crypto bull run.
