{"id":31898,"date":"2025-06-14T23:31:35","date_gmt":"2025-06-14T23:31:35","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=31898"},"modified":"2025-06-14T23:31:35","modified_gmt":"2025-06-14T23:31:35","slug":"double-bullish-pattern-tips-bitcoin-for-167000-target-analyst","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=31898","title":{"rendered":"Double Bullish Pattern Tips Bitcoin For $167,000 Target \u2013 Analyst"},"content":{"rendered":"
\n

Popular crypto analyst with X pseudonym Plan D has shared an interesting prediction of Bitcoin backing the cryptocurrency to attain a $167,000 price target based on the concurrent formation of two bullish chart patterns.\u00a0<\/p>\n

Notably, the Bitcoin market has been recently rocked by significant levels of volatility following a reawakening of geopolitical tensions in the Middle East. The flagship cryptocurrency crashed to below $103,000 on Friday, which was followed by a moderate price rebound.\u00a0<\/p>\n

Bullish Pennant And Falling Wedge Formation: The Audacious $167,000 Target<\/b><\/h2>\n

In an X post<\/a> on June 13, PlanD shares a rather intriguing Bitcoin price analysis hinting the premier cryptocurrency remains on course for a major price surge<\/a>. According to the renowned trading expert, Bitcoin\u2019s price action since the beginning of 2025 has consecutively created a falling wedge and bullish pennant formation.\n<\/p>\n

Interesting, both are positive chart patterns indicating an impending price breakout. PlanD\u2019s analysis shows the falling wedge formation is largely represented in the first trimester of 2025, where Bitcoin experienced a prolonged market correction before a double eventual price reversal that broke through the wedge at the $85,000 upper boundary.\u00a0<\/p>\n

\"Bitcoin\"<\/p>\n

Following this rebound, Bitcoin embarked on a sensational price rally to achieve a new all-time high at $111,814 on May 22, representing the pole of a bullish flag pattern. However, since hitting this price peak, the premier cryptocurrency has slipped into a downward consolidatory pattern, forming a sideways channel over the past two weeks that represents the pennant.<\/p>\n

In line with the initial falling wedge, PlanD\u2019s analysis suggests Bitcoin is expected to attain a price target<\/a> of $121,000.\u00a0 However, the analyst notes that this bullish situation remains only valid provided the premier cryptocurrency stays above the lower boundary of the pennant at $102,300.\u00a0<\/p>\n

If Bitcoin bulls are able to hold this price status, PlanD expects a gradual progress to $121,000 and even beyond to the bull flag price target of $167,000. Interestingly, the analyst boldly backs the prediction provided that the specified support is maintained regardless of news developments.\u00a0<\/p>\n

Bitcoin Price Outlook<\/b><\/h2>\n

At press time, BTC trades at $104,960, reflecting a mere 0.15% decline in the past day. On longer timeframes, the premier cryptocurrency is up by 1.23% on the weekly chart and 2.10% on the monthly chart, suggesting that bullish forces still retain a fading control of the market.\u00a0<\/p>\n

Related Reading: Bitcoin Flashes Early Buy Signal? \u2013 Advanced UTXO Ratio Drops Sharply After Local Peak<\/a><\/p>\n

To re-enter a price discovery phase that sustains the ongoing crypto bull run, Bitcoin must break above its current all-time high. However, the asset is currently contending with a significant resistance level at the $110,000 zone<\/a>, which has proven effective following two rejections in the past week.<\/p>\n

\"Bitcoin\"<\/div>\n","protected":false},"excerpt":{"rendered":"

Popular crypto analyst with X pseudonym Plan D has shared an interesting prediction of Bitcoin backing the cryptocurrency to attain a $167,000 price target based on the concurrent formation of two bullish chart patterns.\u00a0 Notably, the Bitcoin market has been recently rocked by significant levels of volatility following a reawakening of geopolitical tensions in the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-31898","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31898"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31898\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}