Bitcoin Eyes New Highs as Bull Flag Signals Continued Rally Amid Profit-Taking
Market Consolidation May Be Temporary Pause Before Another Surge
Bitcoin’s price surge appears far from over, despite a brief cooling phase that has left the world’s leading cryptocurrency consolidating below the $105,000 mark. Analysts argue that what may look like stagnation is likely a classic bull flag formation—a pause before the next upward breakout.
After rallying nearly 40% from $74,400 to $105,900 since April 8, Bitcoin (BTC) is trading between $104,000 and $105,000, an area many experts see as resistance. But a growing number of traders suggest BTC is merely building strength for the next leg up.
Profit-Taking Is Present—But Not Strong Enough to Halt the Momentum
On-chain data confirms that profit realization is occurring, particularly from short-term holders, but it remains within historical norms. According to blockchain analytics firm Glassnode:
“Recently, the magnitude of STH Realized Profit has surged to almost +3 standard deviations above its 90-day average… During past cycles, this metric has climbed to over +5 standard deviations.”
This suggests that more significant profit-taking would be needed to reverse current bullish momentum.
Meanwhile, spot and futures markets continue to display healthy volume. The recent rally was fueled by multi-billion-dollar BTC ETF inflows and corporate treasury announcements, which helped Bitcoin rise sharply without excessive use of leverage.
Support Levels in Focus: Will BTC Retest $90K Before Breaking Higher?
Market liquidity tools, such as FireCharts, indicate buy orders stacking between $90,000 and $100,000—a potential test range if BTC dips before its next upward movement. According to Material Indicators:
“Barring a serious catalyst, BTC has a legit support test at $100K.”
Analyst Daan Crypto Trades echoed similar sentiment, noting that the $90,000 level remains a key threshold for spot buyers and that Bitcoin could see a “short-term flush” if equity markets, which have gained 30%–50% in a month, begin to retrace.
Bull Flag Technicals Still Intact
The TRDR.io charts show the range-bound structure of the bull flag, with sellers taking profits near the top while buyers emerge near the lower bound, particularly in the spot markets. The lack of aggressive leverage in new long positions adds to the view that market participants are cautiously optimistic, not overheated.
With the pattern remaining unbroken, and on-chain metrics still favoring bulls, the potential for a rally to new all-time highs remains firmly on the table.
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