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A weekly close above $119,200 will kickstart the breakout from a \u201cbull flag\u201d chart pattern, according to analysis by \u2018Rekt Capital\u2019 on Sunday.\u00a0\u00a0They added that turning this level into support via a retest could occur over the coming week.<\/p>\n
Bitcoin<\/a> closed the week at $119,466 on Coinbase, according<\/a> to Tradingview, which means that the bullish action could be in play.<\/p>\n #BTC<\/a><\/p>\n Can Bitcoin do it?<\/p>\n Weekly Close above ~$119200 kickstarts the breakout from this Bull Flag<\/p>\n In which case turning ~$119200 into support via a retest could occur next week (maybe even via a wick)<\/p>\n However, for the moment BTC needs to avoid an upside wick beyond the Bull\u2026 https:\/\/t.co\/fTfnDnRrPL<\/a> pic.twitter.com\/Cp5lqivAYK<\/a><\/p>\n \u2014 Rekt Capital (@rektcapital) July 27, 2025<\/a><\/p>\n<\/blockquote>\n 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.<\/p>\n \u201cBitcoin will find ways to shake investors out of their positions during price discovery uptrends,\u201d said the analyst.<\/p>\n<\/blockquote>\n Fellow commentator \u2018CrypNeuvo\u2019 identified<\/a> a large liquidation cluster at $113,800, stating, \u201cI consider the downside liquidation cluster to be the natural target in the mid-term:\u201d $114,500 to 113,600.<\/p>\n There is also an unfilled CME gap at $114,300, which \u201csupports my projection of Bitcoin possibly attacking that liquidation cluster in the next 1-2 weeks,\u201d he said.<\/p>\n Meanwhile, \u2018Nunya Bizniz\u2019 zoomed out, saying that there could be a big move to $164,000 before a retest of $109,000 if previous chart patterns repeated.<\/p>\n BTC weekly:<\/p>\n Pattern repeat = $164K then $109K.<\/p>\n \u2753 pic.twitter.com\/jgVvqRhHLD<\/a><\/p>\n \u2014 Nunya Bizniz (@Pladizow) July 26, 2025<\/a><\/p>\n<\/blockquote>\n Bitcoin had returned to the middle of its range-bound channel during the Monday morning Asian trading session, building on weekend momentum.<\/p>\n A big week lies ahead<\/a> with US inflation reports, American and Japanese central bank rate decisions, and a trade tariff deadline, which could all add to the volatility.<\/p>\n ETH is currently outperforming BTC as it has for the past fortnight. The asset has surged 3.5% on the day to hit a seven-month high of $3,940, and analysts see bigger moves ahead.<\/p>\n Ether just posted its fifth green weekly candle in a row, closing at $3,873 on Coinbase, according to Tradingview.<\/p>\n Analyst \u2018Merlijn The Trader\u2019 observed a fresh MACD crossover and a three-year squeeze reaching its apex. \u201cBreak $4,200 and ETH will rip like 2021,\u201d he said.<\/p>\n ETHEREUM IS SETTING UP FOR A MONSTER MOVE!!<\/p>\n Massive bullish monthly candle Break $4,200 and $ETH<\/a> will rip like 2021. DON\u2019T SAY WE DIDN\u2019T SIGNAL IT. pic.twitter.com\/FqA0LPj1OL<\/a><\/p>\n \u2014 Merlijn The Trader (@MerlijnTrader) July 27, 2025<\/a><\/p>\n<\/blockquote>\n Despite the mammoth monthly move by Ether, the asset remains down almost 20% from its 2021 all-time high.<\/p>\n Nevertheless, most are in agreement that this is now just a matter of time, given the unprecedented demand for the asset from institutions<\/a> and corporations.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n <\/p><\/div>\n\n
A New Bitcoin ATH This Week?<\/h2>\n
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Ether Setting Up For Monster Move<\/h2>\n
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Fresh MACD crossover
3-year squeeze reaching its apex<\/p>\n
Those who didn\u2019t reload\u2026 will remember this moment.<\/p>\n
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