Takeeway Key:
Bitcoin’s bullish megaphone pattern suggests that $ 144,000- $ 260,000 are at stake in this cycle.
The panic signs of BTC’s short -term headlines suggest a potential local background.
Bitcoin’s price action (BTC) has painted bullish megaphones patterns in multiple time frames, which can promote BTC to new records, according to analysts.
The BTC price can reach $ 260,000 in this cycle
The bullish megaphone pattern, also known as an extension wedge, is formed when the price creates a series of higher and lower high ups and downs. As a technical rule, a rupture above the upper limit of the pattern can trigger a parabolic increase.
Bitcoin’s daily table shows two megaphone patterns, as shown in the figure below. The first is a smaller one formed since July 11, and the recent rebound of the lower trend line of $ 108,000 suggests that the formation is developing.
Related: Bitcoin can still reach $ 160K at Christmas with the return of Q4 ‘average’
The employer will be confirmed once the price is broken above the higher trend line around $ 124,900, coinciding with the new maximums of all time reached on August 14. The measured objective for this employer is $ 144,200, or an increase of 27% from the current level.
The second is a largest megaphone pattern that has been forming during the “last 280 days”, as a galaxy analyst indicated In a Thursday x.
Bitcoin is quoted near the higher trend line of the megaphone, which is currently around $ 125,000. Similarly, a break above this level would confirm the pattern, cleaning the route for a rally around $ 206,800. Such movement would bring total gains to 82%.
Meanwhile, Faisal Baig cryptographic influencer outstanding Bitcoin’s Breakout of a giant megaphone pattern in the weekly period with an even higher measured objective: $ 260,000.
“The following advantage is inevitable.”
Bitcoin has left this bullish megaphone pattern.
The next advantage is inevitable.
In Shaa Allah pic.twitter.com/ieipkrosvv– Faisal Bain Binance Usdt signals (@FBMSKILLS) August 20, 2025
As Cointegraph reported, it is likely that Bitcoin’s recent setback at $ 108,000 is a shake before the new maximums of all time.
Short -term title BTC hits the minimum of April
The 12% Bitcoin drop from the high of $ 124,500 of all time sent to the short -term holders (STHS), investors who have maintained the asset for less than 155 days, in panic mode, since many were sold with losses.
This has had serious implications in the value ratio made by market value (MVRV), which has fallen to the lower limit of its Bollinger (BB) bands, indicating overall conditions.
“In the recoil at $ 109K, $ BTC took advantage of the ‘overvalued’ zone in the MVRV Bollinger band of short -term headline “,” saying Analyst Frank Fetter in an X post on Thursday.
A accompanying table shows a similar scenario in April when Bitcoin played playing $ 74,000. The BB oscillator fell to oversight conditions before Bitcoin began to recover and has increased 51% since then.
With the last reduction, the STHRV overendon suggested that the price of BTC owed a rebound of upward relief, possibly organizing a recovery similar to April and August.
As Cointelegraph reported, retail and institutional accumulation has now been at its highest point since the April fall below $ 75,000, which could be another sign that $ 108,000 was a local fund.
This article does not contain advice or investment recommendations. Each investment and trade movement implies risk, and readers must carry out their own investigation by making a decision.
