Bitcoin Surges 30% to $106,400, Targeting $146,800 in Wyckoff Markup Phase

Bitcoin has recently formed a Wyckoff spring and moved above $106,000, confirming a possible markup within the flag structure. This movement suggests a bullish trend, with the next checkpoint set at $125,000 before potentially reaching $146,800. The chart indicates a clear breakout, with the price aiming for these targets. Additionally, a golden cross and bullish flag pattern together suggest that Bitcoin may continue toward the $146,800 target.

Bitcoin has entered a Wyckoff accumulation phase, forming a bullish flag pattern with targets set above $146,800 in the coming months. This accumulation phase began in February and is expected to continue through July 2025. The current price action is around $106,400 to $108,400, with a detailed chart confirming this movement. The chart identifies a Wyckoff accumulation that started early in 2025, followed by a spring event on April 6. Bitcoin experienced an upward breakout around $106,400, marking the transition into the markup phase. This move is aligned with the Automatic Reaction (AR) zone.

Price is now stabilizing inside a bullish flag pattern, with strong positioning above moving averages. A golden cross between shorter and longer-term averages appears just below current levels. This cross often signals long-term upside potential in trending markets. The chart includes a target projection at $146,800, based on the Wyckoff markup continuation. The projection follows a structured breakout and price consolidation, mimicking classic accumulation-to-markup cycles. A breakout above the $125,000 zone may validate this target.

Key price milestones identified include $106,400, $125,000, and $146,800. These points reflect strong structural shifts, where price moved from consolidation to breakout. Bitcoin is currently hovering around $107,400 with notable volume inflow, supporting continued movement within this framework. The accumulation began with several failed rallies, aligning with Phase A of the Wyckoff method. A series of higher lows and the April 6 spring confirmed Phase C before the recent breakout. A bullish flag formed after the markup shows tightening price action, possibly preparing for expansion.

The chart also includes a schematic labeled “Wyckoff Events and Phases,” reinforcing the technical basis behind the accumulation model. According to the schematic, the price currently sits between the Last Point of Support (LPS) and Sign of Strength (SOS). If this setup holds, price could make a decisive move upward toward the target zone. The pivotal question for traders is whether Bitcoin can reach the $146,800 target marked by the current bullish structure. According to the post, global liquidity conditions are also targeting $145,000, further aligning with the Wyckoff-based outlook. The structure relies on the flag holding above $106,000 and the breakout extending past $125,000. If these levels remain secure, the path to $146,800 appears technically viable.

Bitcoin’s recent markup follows classic Wyckoff transitions, backed by a golden cross and confirmed accumulation. With volume holding and market structure intact, the coming weeks may provide the momentum to reach new highs. This scenario presents a clearly defined target zone that traders will monitor closely.