Bitcoin News Today: Bitcoin Breaks Multi-Year Bull Flag Eyes $250K Macro Channel Target

Bitcoin has confirmed a breakout from a multi-year bull flag on its monthly chart, triggering renewed optimism for a significant upward move in the long-term trend. The pattern, which had been in development since 2021, has now broken decisively to the upside, marking a key technical milestone. This move is not seen as a short-term anomaly but rather as a continuation of a well-defined macro channel that Bitcoin has historically respected. The breakout aligns with the expansion phase observed post-halving, a period typically characterized by substantial price appreciation over the following 12 to 18 months [1].

The technical structure of the move is reinforced by historical cycles and momentum. The formation of the bull flag was built on consolidation phases, with each touch of the lower channel boundary acting as a cycle bottom. The recent breakout confirms that Bitcoin is no longer in a sideways phase but is moving structurally higher. Merlijn, a prominent trader, highlighted that this is the kind of signal long-term bullish investors have been anticipating. He emphasized that the move is underpinned by structure, cycles, and raw momentum, rather than sentiment alone [1].

The next key resistance level is identified at $250,000—the top of the macro channel. This level is not just a technical target but a convergence point of trendlines, structural projections, and macroeconomic factors. Merlijn pointed out that as long as Bitcoin maintains its monthly closing prices above the breakout point, the trajectory remains unchanged. He described the $250K level as the next logical target in the long-term trend, dismissing it as anything but a realistic possibility [1].

Driving the momentum are several key catalysts. The recent halving event has tightened supply, creating a favorable environment for price appreciation. At the same time, institutional adoption is on the rise, supported by improvements in custody solutions and broader acceptance within global financial systems. Additionally, capital inflows into Bitcoin spot ETFs have unlocked trillions in potential liquidity, further fueling the upward move. These factors are not speculative but are grounded in structural market developments and macroeconomic trends [1].

Merlijn also noted that declining confidence in fiat currencies is contributing to Bitcoin’s growing traction. As institutional investors continue to integrate Bitcoin into their portfolios and global adoption expands, the asset is gaining momentum across multiple dimensions. The breakout is seen as a structural shift, rather than a hype-driven event, reinforcing the idea that this is a long-term trend rather than a short-lived rally [1].

Source: [1] Bitcoin Confirms Multi-Year Bull Flag Breakout, Eyes $250K Macro Channel Target (https://cryptofrontnews.com/bitcoin-confirms-multi-year-bull-flag-breakout-eyes-250k-macro-channel-target/)