The post Big Bitcoin Upsides Predicted After Bullish Weekly Close appeared on BitcoinEthereumNews.com.

A weekly close above $119,200 will kickstart the breakout from a “bull flag” chart pattern, according to analysis by ‘Rekt Capital’ on Sunday.  They added that turning this level into support via a retest could occur over the coming week. Bitcoin closed the week at $119,466 on Coinbase, according to Tradingview, which means that the bullish action could be in play. #BTC Can Bitcoin do it? Weekly Close above ~$119200 kickstarts the breakout from this Bull Flag In which case turning ~$119200 into support via a retest could occur next week (maybe even via a wick) However, for the moment BTC needs to avoid an upside wick beyond the Bull… https://t.co/fTfnDnRrPL pic.twitter.com/Cp5lqivAYK — Rekt Capital (@rektcapital) July 27, 2025 A New Bitcoin ATH This Week? Bitcoin is less than 3% away from its all-time high, having recovered from its dip to $115,000 on Friday. The asset hit an intraday high of $119,754 in late trading on Sunday, resulting in the bullish weekly candle closure. “Bitcoin will find ways to shake investors out of their positions during price discovery uptrends,” said the analyst. Fellow commentator ‘CrypNeuvo’ identified a large liquidation cluster at $113,800, stating, “I consider the downside liquidation cluster to be the natural target in the mid-term:” $114,500 to 113,600. There is also an unfilled CME gap at $114,300, which “supports my projection of Bitcoin possibly attacking that liquidation cluster in the next 1-2 weeks,” he said. Meanwhile, ‘Nunya Bizniz’ zoomed out, saying that there could be a big move to $164,000 before a retest of $109,000 if previous chart patterns repeated. BTC weekly: Pattern repeat = $164K then $109K. ❓ pic.twitter.com/jgVvqRhHLD — Nunya Bizniz (@Pladizow) July 26, 2025 Bitcoin had returned to the middle of its range-bound channel during the Monday morning Asian trading session, building on weekend momentum. A…

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Filed under: News - @ July 28, 2025 6:29 am