Bitcoin is exhibiting a bullish flag pattern, with analysts eyeing a potential breakout to $140,000. On-chain data indicates buyer dominance, as the Spot Taker CVD turned positive in mid-July. October and November are anticipated as pivotal months for this breakout, driven by seasonal strength and liquidity. Technical analysis by Captain Faibik and Kamran Asghar suggests Fibonacci targets at $127,568, $142,831, and $166,546. Currently, Bitcoin is priced at $116,702, marking a 3.16% increase over the past 24 hours, with a market cap of $2.32 trillion.
Bitcoin Bullish Flag Pattern Signals Potential $140K Breakout
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