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Bitcoin (BTC) Breakout Imminent This Week? Price Analysis and Insights

Bitcoin (BTC) Breakout Imminent This Week? Price Analysis and Insights WikiBit 2025-07-31 07:13

Bitcoin (BTC) is still flirting with the top of a bull flag and trend suggests that a breakout could come as soon as this week. If the breakout occurs,

Bitcoin (BTC) is still flirting with the top of a bull flag and trend suggests that a breakout could come as soon as this week. If the breakout occurs, where could Bitcoin head to next?

A message to hold strong

Michael Saylor, Chairman of Strategy, announced another huge Bitcoin purchase for his company on Tuesday. This time, it was 21,021 BTC for a price of $2.46 billion. Before announcing the purchase, Saylor put out an X post with an image of himself dressed as a cowboy on a horse. The statement with the image reads:

This quote is popularly attributed to a historic migration route in the 19th century, called the Oregon Trail. It was also used in more recent history by the Nike founder Phil Knight in his book . Here it was employed to galvanize the Nike team during a particularly challenging time.

By utilising this gritty message from another era, Saylor is perhaps attempting to get the average retail investor to gird their loins and hang in there as far as Bitcoin is concerned.

He is potentially saying that the “cowards” are those who can‘t bring themselves to jump across from the fiat/banking world and into the transactional freedom of Bitcoin. He is also perhaps labelling the “weak” as those who couldn’t hang on to their Bitcoin and who sold on any of the market downturns.

On the other hand, Saylor portrays himself as a dogged cowboy who endures until the end of the trail, made stronger by the experience and gifted by the rewards of rich land.

While some might sneer and say that this just an effort at self-agrandizement, and although there is very little in common with a Bitcoin investor and a hard-bitten trail blazer in an extremely unforgiving environment, the message is clear – hold on through the volatile ups and downs of the market, and your reward could be great.

$BTC breakout in one to three days

Source: TradingView

The $BTC chart pattern is continuing to evolve. While the price bounces around inside the bull flag, a trend line that stretches from price action inside the previous bull flag is perhaps corralling the price into a narrowing space.

If the price continues to respect this trendline, a breakout should come within the next one to three days. In this case, it might not be the breakout of the bull flag, as the price could drop through the trendline and continue to go sideways.

Measured move to $128,000

Source: TradingView

The daily chart for $BTC shows the measured move of the breakout should this come to pass. It would take the price up to just above $128,000, potentially opening the route to $150,000 and beyond.

However, if this trendline does not hold up, and the price falls back down to the bottom trendline of the bull flag, it could retest the 50-day SMA (blue line) and then be in prime position for an even stronger impulse to the upside. The Stochastic RSI on the daily time frame has the indicator lines bouncing along the bottom, ready to angle up and signal an increase in upside price momentum for the breakout.

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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