Technical analysis by arzdigitalistha about Symbol BTC: Buy recommendation (8/7/2025)

🚩 Bullish Flag Pattern Formation Bitcoin is currently forming a bullish flag pattern on the 4-hour chart. This pattern typically appears after a sharp upward move and represents a short-term consolidation within a descending channel. It usually signals a continuation of the strong bullish trend. Currently, the price is oscillating between the upper and lower boundaries of this channel, poised for a potential breakout. ⏳ Duration of the Correction Phase The correction inside this channel has lasted from July 14 to August 8, 2025, spanning approximately 25 days. This relatively long consolidation period indicates a deep stabilization phase, allowing the market to gather momentum for the next upward wave. During this time, Bitcoin traded in a tight range between the channel’s support and resistance levels. ⚠️ Critical Resistance at $120,000 The key resistance level to watch is $120,000. If Bitcoin can break this level decisively with strong volume and confirming candles, the bullish flag pattern will be validated, signaling a continuation of the upward trend. This breakout point is considered an optimal entry for new long positions. 🎯 Price Target at $140,000 The target price derived from the bullish flag pattern, calculated by measuring the flagpole and projecting it from the breakout point, is around $140,000. This represents approximately a 20% gain from the breakout and may serve as a significant psychological resistance level.The breakout above the \$120,000 resistance has activated Bitcoin’s bullish flag pattern, opening the path toward \$140,000. This upward move is supported by strong volume, signaling a powerful continuation of the rally.