Bitcoin (BTC) is showing early signs of a powerful bullish breakout, now trading above $107,000 after gaining nearly 5% over the past week. A classic bull flag formation on the daily chart is catching traders’ attention, hinting at a continuation toward $144,000.
Technical analyst Merlijn The Trader highlights a flag setup that originated from BTC’s April–May run from $74,000 to $110,000. Since then, BTC has consolidated in a descending channel, forming the “flag.” The price recently tested the upper trendline, suggesting a breakout may be underway.
A daily close above $109,000 would confirm the bullish structure, with the MACD indicator showing its first buy signal in weeks via a bullish crossover. This could pave the way for a surge toward $144K—representing a 34% rally from current levels.
Key Bitcoin Levels:
- Buy Trigger: Daily close above $109K
- Stop Loss: Below $106.45K
- Targets: $110.45K, $111.94K
- Downside Risk: Below $106.45K, support at $104.6K and $102.9K
Despite early momentum, volume remains muted and confirmation is essential. The short-term trend is neutral, but bullish structure remains intact.
Meanwhile, Bitcoin Hyper ($HYPER) Dominates Presale Stage
While BTC eyes its next move,Hyper ($HYPER) — the first Bitcoin-native Layer 2 built using the Solana Virtual Machine (SVM) — has raised over $1.74 million in presale funding. The token, priced at just $0.012075, is approaching its next tier quickly.
Engineered for speed, scalability, and seamless BTC bridging, $HYPER enables meme coin creation, smart contracts, and low-cost dApp deployment — all backed by its security. With a Q1 rollout planned and full audits completed,Hyper is positioning itself as a serious L2 contender for 2025.
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