Bitcoin Price Prediction As Analyst Ash Crypto Points to Bullish Flag Pattern Above $100K

Crypto Writer

Arslan Butt

Crypto Writer

Arslan Butt

About Author

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis…

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Bitcoin has clawed back above the $100,000 mark following a volatile week that saw it dip to $98,000 and liquidate billions in leveraged positions. According to crypto analyst Ash Crypto, the daily chart (1D) now reflects a textbook bullish flag, a continuation pattern that often signals further upside in established uptrends.

The flagpole was formed during Bitcoin’s parabolic rally from $87,000 to above $110,000, and recent consolidation has created a downward-sloping flag. This structure is often viewed as a resting phase before the next leg higher.

Ash highlighted that the imbalance of nearly $98K has now been filled, removing excess liquidity and setting the stage for a cleaner upward move.

This technical setup gains further relevance as market participants regain risk appetite following a week of macro uncertainty and forced liquidations. With $100K reclaimed, traders are now watching for a breakout above the upper trendline, potentially targeting $110K and beyond.

Bitcoin Price Prediction: Key Levels and Technical Signals

From a technical standpoint, Bitcoin price prediction remains bearish below the psychological resistance level of $100,000. BTC’s recovery above $100,000 coincides with a bounce from the flag’s lower support.

Bitcoin Price Chart – Source: Tradingview

While the 50-day exponential moving average (EMA) near $102,600 continues to cap upward momentum, a clean daily close above it would offer early confirmation of a bullish breakout.

Here’s what traders are watching:

  • Support levels: $100,000, $98,720, $97,095
  • Resistance levels: $102,625 (50 EMA), $105,276, $110,000
  • Pattern: Bullish flag with confirmed lower trendline bounce
  • MACD: Momentum flattening, awaiting crossover

Market sentiment remains mixed. On lower timeframes, BTC has printed a sequence of lower highs and bearish rejections near the EMA. However, the daily structure holds stronger weight, especially as the market absorbs recent shocks.

What’s Next for BTC?

The near-term outlook hinges on whether BTC can break above the descending trendline and reclaim the 50 EMA on strong volume. Failure to do so may prompt another retest of the $98,000 region, where the last liquidity sweep occurred. But if buyers regain dominance, this flag pattern has a potential to play out into a breakout rally toward $110,000, fuelled by sidelined capital and renewed confidence.

Potential trade setups:

  • Bullish Entry: Above $102,600 (confirmed daily close), targeting $105K–$110K
  • Bearish Risk: Breakdown below $98,720 may expose $97K

Despite short-term choppiness, Bitcoin’s longer-term uptrend remains structurally intact. Analysts suggest that the ongoing consolidation is healthy after months of vertical gains and could set the foundation for a stronger Q3.

With Bitcoin dominance still elevated and trading volume exceeding $62 billion in the last 24 hours, eyes remain fixed on this potential breakout zone.

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