Bitcoin Breaks Bullish Pennant At $72K: Target Set At $140K By Q3 2025

Bitcoin broke out of a pennant at $72K, targeting $140K by Q3 2025.

BTC holds above the $87K EMA zone, confirming support and trend continuation.

No weekly closes below the TEMA since 2023 signal a firm long-term uptrend.

Bitcoin has entered a fresh bullish phase after breaking out from a multi-month consolidation pattern. Technical data shows that the digital asset is holding above key support levels while aiming for new price highs.

Breakout Above Pennant Marks Fresh Uptrend

Bitcoin’s daily chart from June 2024 to April 2025 displays a bullish pennant formation following a sharp price surge. This consolidation structure emerged after Bitcoin climbed from $28,000 in October 2024 to nearly $98,000 by late December 2024.

The pattern’s breakout and subsequent price movements are analyzed by the technical analyst Titan of Crypto. He observed that Bitcoin’s price action formed a textbook bull pennant, which includes a steep flagpole followed by a contracting triangle. According to Titan of Crypto, this pennant spanned from January to mid-April 2025, ranging between $98,000 and $60,000.

Source: Titan of Crypto

He noted a confirmed breakout occurred in mid-April 2025, with two strong daily bullish candles above the $72,000 resistance. This breakout area was marked with a box and an upward arrow to show directional bias. His analysis projects a target of $140,000, derived by adding the flagpole height to the breakout point.

The projected move appears technically consistent with continuation patterns commonly seen during bull markets. He also indicated that the BTC price is currently riding bullish momentum as it climbs toward the $100,000 region. The expected timeline for reaching the $140,000 target extends into Q3 2025, based on the chart’s layout.

Key Moving Averages Underpin Support Zone

In a separate weekly chart analysis, Rekt Capital has provided additional insights into Bitcoin’s ongoing structure. His focus is on BTC/USD price behavior relative to the Bull Market Exponential Moving Averages (EMAs).

Rekt Capital identified that Bitcoin reclaimed the key TEMA support cluster in early 2023 and held it through 2025. He pointed out that BTC trades at $90,870.16 as of April 22, 2025, while the long-term purple TEMA sits near $86,932.70.

Source: Rekt Capital

He noted that a weekly close above $87,000 will confirm breakout strength above the current resistance zone. This orange zone spans between $88,000 and $93,743.26 and aligns with prior highs from Q1 2025. Additionally, he referenced a similar setup from 2021, where a retest of TEMA support led to a major rally.

Rekt Capital emphasized that Bitcoin's price remains above macro support at $45,113.24, maintaining a strong market structure. He also stated that no weekly candles closed below the purple TEMA since early 2023, reinforcing the trend’s strength.