29.08.2025 — Bitcoin has once again become the focus of analysts after several key technical indicators revealed patterns that could shape its future trajectory. According to Cointelegraph, two bullish “megaphone” formations have been identified on the daily chart. The first appeared in July and has set the framework for short-term price movement, with a resistance level near $124,900 — the same point as Bitcoin’s previous all-time high. A successful breakout above this level could pave the way toward $144,200, signaling the continuation of bullish momentum.
The second pattern, which has been developing for 280 days, represents a much broader structure. This long-term megaphone suggests that Bitcoin is preparing for a potential expansion phase, where volatility could increase but within an upward trend. Such a setup typically precedes periods of significant growth, giving investors confidence despite recent market corrections.
Crypto influencer Faisal Baig emphasized the importance of the weekly timeframe, where he observed a similar bullish megaphone pointing toward an ambitious target of $260,000. He described the next growth stage as “inevitable,” noting that historical data supports this projection when similar indicators have appeared in the past.
Recent corrections, however, have unsettled short-term holders. The price drop to $109,000 led many investors who had held Bitcoin for fewer than 155 days to sell at a loss. This wave of panic selling was accompanied by the MVRV (Market Value to Realized Value) ratio entering oversold territory for the first time since April. Historically, such a move often precedes strong rebounds. Back in April, a similar scenario was followed by a 51% rally, strengthening the case for potential recovery.
At the time of writing, Bitcoin trades at $111,200, down 1.8% over the past 24 hours. Analysts remain divided: while some, like Galaxy and Faisal Baig, point to charts that forecast a climb toward $200,000–$260,000, others, such as 10x Research, argue that expectations of reaching $200,000 remain “highly unlikely.” Investors, therefore, face a crucial moment: whether Bitcoin will enter a new bullish phase or remain pressured by global market conditions.
