Key Takeaway:
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Bitcoin’s Bullish Megaphone pattern suggests $ 144,000- $ 260,000 plays this cycle.
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Signs of panic from the BTC short-term holder hint to a potential local bottom.
Bitcoin (Btc) Price action paints bullish megaphone patterns in many time frames, which can push BTC to new record highs, according to analysts.
BTC prices can reach this $ 260,000 cycle
The bullish megaphone pattern, also known as an expansion of the wedge, develops when the price creates a series of higher and lower lows. As a technical rule, a breakout above the upper border of the pattern can trigger a parabolic increase.
Bitcoin’s daily chart shows two megaphone patterns, as shown in the figure below. The first is a smaller formed since July 11, and a recent rebound from the lower pace of the pattern to $ 108,000 suggests that the formation is actually playing.
Related: Bitcoin can still hit $ 160k by Christmas with ‘Average’ Q4 Comeback
The pattern will be confirmed once the price breaks above the upper line of the upper line around $ 124,900, in conjunction with New all-time highs Reached on August 14. The measured target for this pattern was $ 144,200, or a 27% increase from the current level.
The second is a larger megaphone pattern formed for “past 280 days,” as analyst Galaxy taught In a post of Thursday x.
Bitcoin traded near the upper megaphone trend, currently sitting around $ 125,000. Similarly, a rest above this level will confirm the pattern, covering the path for a rally to $ 206,800. Such a step will take total acquisitions by 82%.
Meanwhile, Crypto Influencer Faisal Baig Highlighting Bitcoin breakout from a giant megaphone pattern in the weekly time frame with a higher measured target: $ 260,000.
“The next leg up is inevitable.”
Bitcoin is broken from this bullish megaphone pattern.
The next leg up is inevitable.
In Shaa Allah pic.twitter.com/ieipkrosvv– Faisal Baig Binance USDT Signals (@FBMSKills) August 20, 2025
As cointelegraph reported, Bitcoin’s recent pullback to $ 108,000 are likely to be a shake before new all-time highs.
BTC Short-Term Holder Metric hits April Lows
The 12% Bitcoin collapse from $ 124,500 all-time highs sent short-term holders (STH) —the investors held possession of less than 155 days-in panic mode of many Sold to a loss.
It had a serious implications over the ratio of the Sth market value to the (MVRV), which fell to its lower border Bollinger bands (Bb), signed Oversold conditions.
“In the pullback to $ 109k, $ BTC tapped the ‘oversold’ zone in the short -term MVRV Bollinger Band, ” Says Analyst Frank Fetter in an X post on Thursday.
An accompanying chart shows a similar scenario in April when Bitcoin dropped to $ 74,000. The BB Oscillator has dropped in oversold conditions before Bitcoin begins to recover 51% ever since.
In the latest Drawdown, Oversold Sti MVRV suggested that the price of BTC should be for a ascending bounce of reliefProbably in presenting a similar recovery in April and August.
Number Cointelegraph reportedThe accumulation of retail and institution has been at the highest since April of DIP below $ 75,000, which could be another $ 108,000 signing of a local bottom.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
