3 Critical Bitcoin Charts to Watch Out Amid Growing $100K BTC Price Calls…

A bull flag forms when the price trends lower inside a descending parallel channel following massive rallies. It shows that sellers are testing the market despite being strong enough to reverse the overall trend.

As a result, bull flags typically resolve in breakouts when the price rises above their upper trendlines. Often, the price returns to retest the upper trendline as suppport, before continuing its price rally, which appears to be the case analyst Moustache is making.

If he is correct, then BTC’s price next upside target is around $100,000, measured after the adding the previous uptrend’s height to the breakout point.

Nonetheless, Bitcoin’s return inside the bull flag channel raises risks for a correction toward the flag’s lower trendline—coinciding with the 200-3D exponential moving average (200-3D EMA; the blue wave) at around $50,000 by 2024’s end.

Bitcoin Liquidity Indicates ‘Not Top,’ Massive Rally Ahead

Pseudonymous analyst on X, TechDev, has provided his outlook of Bitcoin’s price cycles, emphasizing the relationship between liquidity cycles, RSI (Relative Strength Index), and the Fisher Transform indicator to identify market tops and bottoms, as shown below.

A liquidity cycle refers to the ebb and flow of money available for investment in the financial system.

In the context of Bitcoin, it measures how easily capital moves in and out of the crypto market, affecting buying and selling pressures. High liquidity typically coincides with bullish phases, as more capital flows into the market, driving up prices.

Conversely, low liquidity can trigger bearish trends, indicating that capital is exiting the market or sitting idle.