Bitcoin (BTC) Price Analysis (Jul 11, 2025): Bullish Flag Breakout Targets $140K, Potential Resistance at $120K

Bitcoin is currently hovering around $118,000 and looking seriously bullish. The price has finally broken out of that bullish flag pattern we’ve been tracking in our past updates, setting the stage for another push higher. Momentum is looking solid right now, and our big-picture target of $140,000 is still very much in sight. Let’s break down the latest charts to see what’s coming for Bitcoin in the near term.

Analyzing the Charts

On the daily timeframe, Bitcoin is clearly breaking out of the bullish flag pattern we forecasted in our earlier analysis. This breakout is a key part of our Bitcoin price prediction, with a notable surge in price confirming strong bullish momentum in the market.

In our previous analysis, we highlighted the $120,000 level as a potential resistance zone, and Bitcoin is now nearing that threshold. This level is significant, serving as both a technical resistance and a psychological barrier that may temper the current momentum slightly.

Bitcoin is maintaining its trajectory toward our $140,000 target, which remains firmly in play. A decisive move above the $120,000 resistance could pave the way for this target in the coming weeks. While a potential retest of lower levels is possible, the current momentum is strong, making higher targets increasingly probable.

Looking at the weekly chart, Bitcoin is breaking out of an inverse head and shoulders pattern, which is another bullish sign that has excited traders. With the bullish flag breakout we’ve been covering already in the books, Bitcoin is on track to hit higher targets in the days ahead.

The inverse head and shoulders pattern points to a potential target near $190,000, but Bitcoin is still focused on nearer-term levels for now. Our primary targets remain below $140,000, keeping us on track for the next leg up.

Final Takeaway: What is Next for Bitcoin (BTC)?

Bitcoin is trading near $118,000 and showing strong bullish momentum after breaking out of both a bullish flag (1D) and an inverse head and shoulders (1W) pattern. The $120,000 level looms as a key resistance, and while a brief consolidation is possible, the momentum favors the bulls. Our near-term target of $140,000 remains firmly in sight, with higher levels possible if Bitcoin clears this hurdle.