Bitcoin (BTC) Price May Be On The Verge Of Its Next Major Breakout, Targeting $137K

Leading crypto analyst Titan of Crypto has issued a series of bullish forecasts for Bitcoin (BTC), pointing to a potential surge that could send the flagship cryptocurrency soaring to $137,000.

Crypto analyst Titan of Crypto is sharing an update on Bitcoin (BTC), highlighting several bullish technicals that could be kicking off the next major breakout.

If the candlesticks are anything to go by, this rally could be one for the books. But Bitcoin isn’t the only asset holders should have on their radar; up-and-coming projects like Minotaurus (MTAUR) could ride the wave of this bullish momentum as the crypto market shifts into higher gear.

Weekly Bitcoin price RSI breakout signals momentum shift

The first major insight is about Bitcoin’s weekly Relative Strength Index, which just broke above a long-standing downward trendline. This kind of RSI breakout has historically preceded massive price rallies. Titan has identified green circles on past RSI chart breakouts that corresponded with surging Bitcoin prices.

The implication? A potential bullish reversal is underway. When RSI breaks out on the weekly timeframe, it typically signals that downward pressure has weakened and bullish momentum is gaining steam.

LMACD Confirms bullish flip

That’s not all. Titan also highlighted a bullish crossover in the Linear Moving Average Convergence Divergence (known as LMACD) of BTC price on the weekly chart. The histogram is flipping from red to green, and the LMACD line is crossing above the signal line, both classic indicators that the trend is turning positive.

Titan notes that both technical indicators and price action on the weekly chart support a growing bullish trend. Candlestick formations and increasing buying volume further reinforce this outlook.

Bitcoin price daily bull pennant points to $137K target

Taking things a step further, Titan of Crypto is now spotting a bull pennant on the Bitcoin price daily chart. This continuation pattern typically forms after a strong upward move (the flagpole), followed by a brief consolidation phase (the pennant). If BTC breaks above the upper trendline of this pattern, the projected move, calculated from the flagpole, could carry Bitcoin to $137,000, setting a new all-time high.

While this prediction runs counter to current market sentiment, Titan’s confidence lies in the alignment of multiple bullish indicators.

Macro tailwinds support the case

It’s not just technicals making the case for Bitcoin. The U.S. Treasury has reportedly been injecting around $500 billion into financial markets since February by drawing down its Treasury General Account (TGA). This liquidity surge has pushed net Federal Reserve liquidity to $6.3 trillion, according to macro analyst Tomas.

However, risk assets haven’t yet fully reacted to this capital injection. But as this liquidity expands, it tends to fuel cryptocurrency markets.

Those who prefer smaller-cap tokens could benefit from this broader market interest. With the crypto market’s momentum shifting, Minotaurus (MTAUR) could capture attention as traders diversify their holdings.

Known for its mythologically inspired branding and growing community engagement, Minotaurus is still under the radar. But in a bullish environment, such hidden gems often excel. If Bitcoin does head toward six-figure territory, don’t be surprised if MTAUR climbs alongside it, potentially delivering significant gains for early adopters.

Final thoughts

Bitcoin’s charts are lighting up with bullish signals, from weekly RSI breakouts to LMACD crossovers and daily bull pennant. Add in a half-trillion-dollar liquidity boost from the U.S. Treasury, and the stars could be aligning for a serious crypto rally.

Whether you’re riding with Bitcoin to $137K or exploring promising altcoins like Minotaurus (MTAUR), this could be the beginning of a powerful new market phase. As always, technicals are just one piece of the puzzle, but right now, the picture looks very bullish.