Is Bitcoin’s Next Stop $140K? Analysts Predict Huge Price Surge After Breakout Confirmation

Omkar Godbole, a Chartered Market Technician, observed that BlackRock’s IBIT ETF, which mirrors the spot Bitcoin price, confirmed a bull flag breakout. The price briefly surpassed its May high and resumed its broader uptrend from April. Flags are considered continuation patterns, and this setup projects a further 30% upside for IBIT and, by extension, Bitcoin.

According to the ETF’s performance, may reach approximately $140,000, provided that the measured move technique is implemented. Veteran Peter Brandt also found a similar formation on the BTC spot chart, indicating a renewed rally phase.

Meanwhile, Titan of Crypto observed one possible timing signal using the US election cycles. Historically, bitcoin has topped around 53 weeks after presidential elections. At 36 weeks after the last election (November 2024), the next 17 weeks would coincide with any possible cycle peak, if patterns remain consistent.

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