#bitcoin Bitcoin price is on the cusp of a breakout.

Technical indicators suggest that Bitcoin is poised for a bullish breakout. The asset has formed a bullish flag pattern, characterized by a vertical pole followed by a descending channel.

This flag formation overlaps with the handle section of a broader cup-and-handle pattern. The cup has a depth of roughly 30%, projecting a potential target above $140,000.

Similarly, the flagpole measures approximately 35%. Projecting that distance from the breakout level at $109,300 points to a target exceeding $145,000. A strong move above this level could spark a broader crypto rally.