July 27, 2025 | William | Ginews
Bitcoin is stepping into a thrilling phase that is making even the most cautious skeptics sit up and take notice. Analysts are pointing to a classic ‘bull flag’ pattern forming on the charts — a setup that often hints at a strong rally ahead. Currently, Bitcoin is hovering between $115,000 and $120,000, a range that some experts describe as a ‘liquidity magnet’ — where misleading price swings could occur before a true breakout to the upside happens.
One key resistance level to watch is $121,100, which lines up with major Fibonacci retracement levels. If Bitcoin breaks above this point, analysts believe it could rally further toward $129,600 and possibly even $133,800. In the long run, market experts say that a strong breakout could pave the way for Bitcoin to potentially cross the $200,000 mark—if the upward momentum continues.
On the other hand, the support levels are important to watch as well. Bitcoin needs to continue its strength throughout $112,000 levels to keep the bull flag intact. A break below $110,800 would likely cause a slide to $102,000, thus disrupting the bullish bias and potentially providing a new entry opportunity for those looking to accumulate. A drop under $106,000 would threaten the existing medium-term bullish pattern overall.
Even as the price briefly fell below $116,000 — leading to more than $585 million in liquidations — on-chain cues suggest optimism. As OBV rises, and we get bullish momentum divergences, it is a clue that accumulation is occurring. Despite short-term volatility driven by outflows from ETFs, some experts say the market is becoming more mature and providing more sustainable price action than in past cycles.
More broadly, improving on-chain fundamentals — like higher network revenue and healthier valuation ratios — are countering bearish narratives. But the weeks ahead are crucial. Bitcoin must keep the momentum above critical levels and challenge resistance with full confidence. If so, the long sought move to $200,000 may be more than just a dream but a possibility.
