Bitcoin’s Bullish Megaphone Pattern Suggests Potential Upside to $126K and $140K

  • Bitcoin’s bullish megaphone pattern indicates upward momentum with targets at $126K and $140K.

  • The price remains stable above $108K, backed by consistent higher lows and moderate trading volume.

  • Historical November performance shows average gains exceeding 19%, bolstered by ETF inflows totaling billions.

Explore Bitcoin’s bullish megaphone pattern above $108K, forecasting $126K and $140K. Stay ahead with key insights on crypto trends and trading strategies—read now for expert analysis.

What is the Bitcoin Megaphone Pattern Signaling for Price Movement?

Bitcoin megaphone pattern on the daily chart points to a bullish continuation as the cryptocurrency trades above $108,000. This technical formation involves diverging trendlines that expand with each price swing, often preceding significant upward breakouts. Analysts observe that the pattern’s intact structure, with higher lows near $100,000, supports steady accumulation amid broader market stability.

How Does the Expanding Structure in Bitcoin’s Pattern Influence Breakout Targets?

The megaphone pattern in Bitcoin features three confirmed peaks and two major troughs, creating symmetrical expansion between upper and lower boundaries. According to analysis from Bitcoinsensus, the lower boundary holds firm around $100,000, where recent rebounds have reinforced support levels. Currently trading at approximately $109,812, Bitcoin occupies the upper half of this formation, with moderate trading volume and liquidity underscoring its resilience. Data from CoinGecko indicates a market capitalization of $2.18 trillion and 24-hour trading volume of $39.55 billion, reflecting sustained interest. This setup frequently leads to accelerated moves once the upper resistance at $126,000 is breached, potentially driving toward $140,000. Expert observations highlight that such patterns have historically aligned with strong rallies, driven by institutional participation.

The pattern’s bullish bias is further evidenced by consistent higher lows, which prevent deep retracements and maintain upward pressure. Trading activity remains balanced, with broader liquidity preventing volatility spikes. As Bitcoin consolidates, attention turns to the upper trendline at $126,000, where a decisive close could trigger the next phase of expansion.

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Source: Coingecko

Market data supports this outlook, with Bitcoin’s dominance in the cryptocurrency space remaining robust at over 50%. Institutional inflows, particularly into spot Bitcoin ETFs from providers like BlackRock and Fidelity, have exceeded $20 billion year-to-date, providing a solid foundation for price stability.

Frequently Asked Questions

What Factors Are Supporting Bitcoin’s Bullish Megaphone Pattern Above $108K?

The bullish megaphone pattern in Bitcoin above $108,000 is underpinned by stable liquidity zones near $100,000 and increasing spot ETF inflows. Historical data from Coinglass reveals November’s strong performance, with average monthly gains of 19% over the past decade. These elements, combined with moderate volume, foster an environment for potential upward continuation without excessive volatility.

How Might Bitcoin’s Price React If It Breaks the Upper Trendline of the Megaphone Pattern?

If Bitcoin breaks above the upper trendline near $126,000 in its megaphone pattern, expect accelerated momentum toward $140,000, as this often signals the start of a strong rally phase. Price action would likely see higher highs forming, supported by increased trading volume and institutional buying, based on patterns observed in previous cycles. This development would align with broader market consolidation ending in breakout confirmation.

Key Takeaways

  • Bullish Megaphone Integrity: Bitcoin’s pattern remains intact above $108K, with higher lows reinforcing support and targeting $126K breakout.
  • Institutional Influence: ETF inflows from BlackRock and Fidelity continue to bolster accumulation, contributing to $2.18 trillion market cap stability.
  • November Strength: Historical trends show 19% average gains, advising traders to monitor volume for confirmation of upward moves.
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Source: DaanCryptoTrades(X)

Weekend trading sessions have been notably subdued, with Bitcoin consolidating around $110,000 between CME closes and opens, as noted by Daan Crypto Trades. This quiet phase allows for reaccumulation, positioning the asset for potential expansion. Coinglass historical insights confirm November’s reliability for positive returns, driven by seasonal factors and heightened investor sentiment.

Overall, Bitcoin’s technical setup reflects a mature market poised for measured growth. Long-term holders exhibit steady accumulation, resisting intraday dips and focusing on structural highs. As the pattern evolves, key levels at $126,000 and $140,000 will serve as benchmarks for traders navigating this continuation phase.

Conclusion

In summary, Bitcoin’s bullish megaphone pattern above $108,000 underscores a favorable outlook, with the expanding structure and supporting ETF inflows paving the way for targets at $126,000 and $140,000. This formation, backed by historical November gains of over 19%, highlights the cryptocurrency’s resilience amid institutional adoption. Investors should track volume indicators for breakout signals, positioning strategically for sustained momentum in the coming months.

Source: https://en.coinotag.com/bitcoins-bullish-megaphone-pattern-suggests-potential-upside-to-126k-and-140k/