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Bitcoin surges through bull flag resistance: eyes on $118k next
Bitcoin has decisively broken above the overhead resistance of its current bull flag pattern, marking a significant bullish milestone. The next major hurdle is the $117,900 level, established on September 18th. Should Bitcoin respect this price-based resistance, we anticipate a minor pullback to the recently breached zone, setting up a classic "bump and run" formation. Conversely, a clean break through these three sequential resistance levels would likely trigger a short-squeeze rally to the upside. In either scenario, the technical structure supports further gains for BTC in the near term.
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