Bitcoin Forms Bull Flag on Daily Chart, This $110K Breakout Could Unlock the $137K Target

Bitcoin forms a bull flag on the daily chart with a $137K target if price breaks above $110K resistance.

BTC exchange inflows drop to 10-year lows, signaling reduced selling pressure across markets.

Spot ETF inflows hit $588M as institutional and retail demand continue to support price recovery.

Bitcoin is showing a bullish continuation pattern on the daily chart, with a possible breakout forming. A bull flag pattern is developing, and momentum is increasing as a bullish MACD crossover appears imminent. The price has rebounded from last week’s lows and now holds above $107,000, signaling buyer strength.

Technical Pattern Points Toward Upside Potential

According to an analysis prepared by Titan of Crypto, Bitcoin is forming a bull flag on the daily chart. The pattern usually appears during periods of consolidation after strong price rallies

Titan of Crypto projects a potential target of $137,000 based on the flag’s measured move. The daily chart also shows a bullish MACD crossover approaching, which could confirm upward continuation if completed

Source: CryptoRover(X)

Crypto Rover supports this outlook, stating that “once Bitcoin breaks past $110,000 resistance, the path to $130K–$140K could open up rapidly.” Market structure suggests that this phase resembles previous consolidation periods before major rallies.

Institutional Demand and Exchange Flow Data Support Rally

According to data from CryptoQuant, daily BTC exchange inflows have dropped to 40,000 BTC, levels not seen in over ten years. This suggests reduced selling pressure, as fewer coins are being moved to exchanges. Similar trends were observed in 2016, 2019, and 2023, just before major bull runs began.

Institutional interest remains steady. Spot Bitcoin ETFs recorded inflows of $588.55 million on June 24, showing continued accumulation. Nick Ruck of LVRG Research noted that “institutional purchases are accelerating the recovery.” Retail interest is also rising. eToro reported that 58% of U.S. retail investors are increasing their exposure to digital assets.

At press time, Bitcoin trades at $107,252.54, maintaining its recovery above the psychologically important $100,000 level. A close above $110,000 would confirm the breakout and may trigger more upward movement.

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