Bitcoin $130,000 surge horn sounds? 4-hour chart reveals bullish flag, weekly breakout imminent!| BTC price prediction

Bitcoin ( BTC ) is continuing to consolidate in the key range of $114,000-$120,000, with technical patterns brewing significant market turning point signals. Analyst Crypto Patel points out that the 4-hour chart has formed a classic bullish flag, and breaking through the $120,000 resistance may trigger a big pump of 8%-12%, targeting the historical new level of $130,000; conversely, if the $114,000 support is lost, it could plummet to $100,000. Rekt Capital adds that the weekly bullish flag breakout is imminent, but warns that the current second wave of "price discovery upward trend" has entered its 4th week, and historical patterns show that the trend continuation window is only 3-4 weeks left, so investors need to shift to "cautiously optimistic." This article analyzes the key dividing line between bulls and bears, the CME gap closing patterns, and the market turning point time window.

Key Range Volatility: $114,000-$120,000 is the battleground for bulls and bears Although Bitcoin ( BTC ) continues to trade within a local range, the cryptocurrency is looking to continue the trend, aiming to re-enter unknown territory. Despite the bullish structure, some analysts suggest that investors need to become more cautious over time.

Since breaking through in early July, Bitcoin has been trading within a key price range and has set a new historical high during this period. The flagship cryptocurrency has been hovering between $114,000 and $120,000, retracing to the lower end of the range on Friday and then rising back to the upper end of the range over the weekend.

4-hour bullish flag: Break above $120,000 could trigger a 12% rise In this context, market observer Crypto Patel pointed out that BTC is currently trading within a bullish flag pattern on the 4-hour chart, and a breakout could trigger a market fluctuation of 8%-12%.

(Source: Crypto Patel)

According to the analysis, if the cryptocurrency successfully breaks through the descending resistance line of this pattern (near the $120,000 mark), its price could rise to the $130,000 level for the first time. Conversely, if it encounters rejection in this area, it may push Bitcoin back towards the flag support level (around $114,000). Analysts warn that although the strength of the key support level is considerable, a valid breakdown below this level would destroy the bullish pattern and could lead to a price fall towards $100,000 or lower.

Weekly Battle: $119,200 Becomes Breakthrough Confirmation Lifeline Analyst Rekt Capital also discussed the bullish flag pattern of BTC on the weekly chart in his analysis on Monday. He noted that despite the drop on Friday, Bitcoin's closing price last week still remained above the top of the flag, "preparing and laying the groundwork for a confirmation breakout." Therefore, if the closing price of the cryptocurrency can stabilize above $119,200 this week, the pullback at the beginning of the week can be viewed as a volatility retest after the breakout. He explained: "The price has a full week to achieve this; in fact, the price may pierce down through the flag bottom, forming a potential diamond-shaped candlestick structure in the shadow area."

"The need for price correction is reasonable," he elaborated, "From the perspective of the newly formed weekly CME gap, a price correction also makes sense."

CME Gap Closure Spell: "Monday Must Fill" for Five Consecutive Weeks As pointed out by Daan Crypto Trades, BTC left a new CME futures gap between $118,297 and $120,035 at the opening this week, and the gap was immediately filled when the price fell back to $117,000 on Monday. It is worth noting that the flagship cryptocurrency has been filling its CME gaps at the beginning of each week for the past five weeks, "and has now formed a fairly coherent pattern." In the trader's view, "the longer this situation persists, the more likely it is to become a self-fulfilling prophecy."

Time window is tight: The second wave of the pump may only have 3-4 weeks left Rekt Capital also emphasizes that Bitcoin has entered the 4th week of its second "Price Discovery Uptrend" (Price Discovery Uptrend). He asserts that if BTC confirms a breakout of the weekly bullish flag, then "the trend continuation will be achieved in the second wave of the Price Discovery Uptrend." But he warned that the second wave of the pump may not last long. According to the analyst's perspective, as cryptocurrencies enter the 5th to 7th week of this phase, the continuation of the trend may fail in the coming weeks. It is worth noting that the first wave of price discovery in this cycle lasted about 6-7 weeks before reaching a local top. Therefore, he believes that "becoming increasingly cautious over time will be a prudent approach" and suggests shifting to "cautiously optimistic" starting this week.

Conclusion: Bitcoin is on the verge of breaking through the key range of $114,000-$120,000, with a bullish flag formation on the 4-hour chart and a weekly pattern creating a dual technical resonance. If it successfully holds above the $119,200 weekly level and breaks through the $120,000 resistance, it is likely to trigger an accelerated move towards $130,000. However, historical cycle patterns ring alarm bells—the second wave of price discovery typically lasts only 6-7 weeks, and we are currently in the 4th week, meaning the best window for trend continuation is only about 3-4 weeks left. The CME gap's self-fulfilling effect of "Monday must be filled" further exacerbates short-term volatility risks. Investors should closely monitor the strength of the $114,000 defense line while positioning for potential breakout trends, and be wary of signals indicating trend exhaustion. The price competition in the next two weeks may determine the main theme for Bitcoin in the third quarter.