Bitcoin Price Surge: $103,000 Target?
Bitcoin experienced a 12% price increase last week, driven by consistent demand. While a slight retracement occurred recently, bullish sentiment remains strong, with market analysts predicting further price appreciation.
Bitcoin Bullish Flag: Potential for Further Gains
Following Bitcoin's recent surge, market analyst Titan of Crypto reports the emergence of a clear bull flag pattern on the 4-hour chart. This pattern, typically indicating a continuation of the upward trend, consists of a sharp rise (the "flagpole") followed by a period of consolidation.
The flagpole occurred when BTC prices rose from $83,000 to $94,700 between April 20th and 23rd. Consolidation, represented by the flag, took place between $91,800 and $94,700 from April 23rd to 24th. Breakouts from bull flags often mirror the initial surge, suggesting a potential climb towards $103,000.
Bitcoin's current trading range of $94,600 - $95,504 could represent a mini-consolidation phase. Continued strong demand could propel BTC towards $103,000, while weakening demand might lead to a retracement to $92,000.
95% of Bitcoin Holders in Profit
IntoTheBlock reports that 95% of Bitcoin holders are currently in profit, thanks to the recent price surge above $95,000. This positive sentiment is attributed partly to strong inflows into Bitcoin spot ETFs. Data from SoSoValue shows that Bitcoin ETFs attracted $3.06 billion in weekly inflows – the highest amount in 2025.
At press time, BTC is valued at $94,359, with a daily trading volume of $35.15 billion. Bitcoin maintains its dominance, representing 63.4% of the crypto market.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Conduct thorough research before making any investment decisions.
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