{"id":36121,"date":"2025-07-10T09:01:44","date_gmt":"2025-07-10T09:01:44","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=36121"},"modified":"2025-07-10T09:01:44","modified_gmt":"2025-07-10T09:01:44","slug":"this-chart-points-to-a-30-bitcoin-price-boom-ahead-technical-analysis","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=36121","title":{"rendered":"This Chart Points to a 30% Bitcoin Price Boom Ahead: Technical Analysis"},"content":{"rendered":"
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This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.<\/em><\/strong><\/p>\n

Bitcoin’s BTC spot price has surpassed $111,000 and could rise by another 30% to exceed $140,000.<\/p>\n

That’s the message from the daily price chart of BlackRock’s Nasdaq-listed spot bitcoin ETF, known by its IBIT ticker, which shows a bull flag<\/a> breakout.<\/p>\n

The ETF, mandated to closely track the BTC spot price, rose 2.85% on Wednesday, briefly surpassing the May high of $63.70, according to data source TradingView.<\/p>\n

The advance reconfirmed the flag breakout seen early this month, a sign that the five-and-a-half-week counter-trend consolidation has ended and the broader uptrend from April lows has resumed.<\/p>\n

Flags are bullish continuation patterns, and breakouts typically see analysts anticipate a price rally equal to the magnitude of the initial run higher. The so-called measured move method implies at least 30% upside for both IBIT and bitcoin’s spot price.<\/p>\n

\"IBIT's<\/p>\n

Flags have a low failure rate, according to technical analysis theory. That said, the pattern could fail if macro factors take a turn for the worse, pushing prices back into a counter-trend consolidation. Such a move would negate the bullish outlook.<\/p>\n

As of now, bitcoin’s spot price also indicates a bullish setup, suggesting a potential rally to $134,000, according to<\/a> veteran chart analyst Peter Brandt.<\/p>\n

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

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin’s BTC spot price has surpassed $111,000 and could rise by another 30% to exceed $140,000. That’s the message from the daily price chart of BlackRock’s Nasdaq-listed spot bitcoin ETF, known by its IBIT ticker, which shows a bull flag […]<\/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-36121","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\/36121","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=36121"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36121\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}