Technical analysis by ScramblerG about Symbol BTC: Buy recommendation (7/30/2025)

ScramblerG

Bitcoin has just broken out of a well-defined bull flag structure on the 4H chart, signaling a potential continuation of the previous uptrend. This breakout comes after a strong impulsive move upward, followed by a textbook flag consolidation with lower highs and lows forming a descending channel. The breakout above the flag resistance suggests a bullish continuation pattern is in play. Technical Breakdown: Pattern: Bull Flag (Continuation) Flagpole base: ~106,700 Breakout zone: ~117,600 Retest Support: 116,000 Immediate Resistance: 122,300 Expected Target: 133,700 (based on flagpole projection) Invalidation: Breakdown below 115,500 Expected Move: Measured Move Target: ~13% upside from breakout Confluence: Target aligns with past supply zone near 133K–135K Price has also reclaimed the 50 EMA on the 4H chart, and the volume on the breakout shows bullish interest. Watching closely for a clean retest of the breakout zone for confirmation. Conclusion: BTC is showing bullish continuation after breaking out of a flag. A successful retest of 117.6K–116K range could offer further upside. Traders should manage risk accordingly. DYOR | Not Financial Advice