Bitcoin prices moved 12% last week, in accordance with a stable demand for the leading cryptocurrency. While there has been a few prices on the last day, bullish sentiment remains high in market expectations of a further price appreciation.
The Bitcoin Bullish flag indicates more captures in the foreground
Following the recent price of Bitcoin, X market analyst Titan of Crypto Report That a clear bull flag appeared on the 4 -hour chart, suggesting a strong potential for a prolonged price rally.
The bull flag pattern, which indicates continuity, consists of a sharp increase-the “flagpole”, as seen when BTC prices move from $ 83,000 to $ 94,700 between April 20-April 23. After that, it follows a period of combining with down-sloping, parallel, parallel, resembling a pillar. This bound movement was detected while moving the BTC between $ 91,800- $ 94,700 between April 23-24.
The flag is usually preceded by a breakout on new highs, given the bullish momentum remains intact. Noteworthy, Bitcoin exploded from the integration -with the flag among the recent price acquisitions on April 25. However, breakouts from the bull flags often reflect the size of the initial flagpole growth. As a result, the BTC is now positioned to climb towards the $ 103,000 mark, completing the full display of the bull flag pattern.
Following its price drop back Friday, Bitcoin now appears to be trading between $ 94,600 – $ 95,504 on what seems to be a mini consolidation phase. If market bulls can maintain the current demand level, the BTC is expected to continue its rally. However, a waning market appetite can cause BTC to re -re -re -re -re -re -redeem
95% of BTC holders in income
In other developments, the analytics firm intotloblock Report That wonderful Bitcoin price moved 95% of market investors to earn as prices climbed above $ 95,000. Most market demand has been linked to the Bitcoin spot ETF market, which has recorded the highest net flow since January.
According to Data from sosovalueBitcoin ETFs attract $ 3.06 billion in weekly flow -the largest amount recorded until now in 2025. These developments indicate a strong underlying demand that is likely to result in a prolonged climb.
At the time of press, BTC costs $ 94,359 following a 0.97% gain the previous day. Meanwhile, the day -to -day asset trade volume increased by 10.02% and cost $ 35.15 billion. Bitcoin continues to remain the largest digital asset, which now costs 63.4% of the market.
Featured image from Ishock, chart from tradingview
Editorial process For Bitcoinist centered on delivering thoroughly researched, accurate, and unbiased content. We promote strict sources of sourcing, and each page undergoes our team's enthusiastic examination of the leading technology experts and timely editors. This process ensures the integrity, relevance, and value of our content for our readers.
