Bitcoin (BTC) Retesting Bullish Breakout — Is a New ATH on the Horizon?

Date: Fri, July 04, 2025 | 07:05 AM GMT As Q3 begins, the cryptocurrency market is carrying forward the bullish momentum from a strong Q2. Bitcoin (BTC) led the charge last quarter, gaining nearly 30%, and is now hovering around $109,000. Despite today’s minor pullback, the bigger picture suggests that Bitcoin might just be preparing for its next major move — possibly toward a new all-time high (ATH).

Source: Coinmarketcap Retesting Bullish Flag Breakout On the 4-hour chart, Bitcoin appears to have broken out of a bullish flag pattern — a continuation pattern typically followed by a significant upward move. This pattern has been in play since BTC's rejection from its current ATH of $111,991 back on May 22. The flag structure has guided BTC through a period of consolidation, with multiple highs and lows forming a downward-sloping channel. A recent strong bounce from the key support near $98,000 propelled Bitcoin to break above the flag’s resistance zone, reaching a local high of $110,530. This breakout caught the attention of technical traders as it came with increased momentum and matched the classic flag breakout playbook.

Bitcoin (BTC) 4H Chart/Coinsprobe (Source: Tradingview) Now, BTC is undergoing a retest of the breakout zone — a healthy sign in technical terms. The price has pulled back toward the $109,000 region, with a possible dip to the $108,500 trendline support. If BTC can successfully hold this level and bounce, it would confirm the breakout and set the stage for a major rally. What’s Next for BTC? If Bitcoin bounces from the $108,500 support zone, this would complete a textbook retest and signal strength for the bulls. In that case, BTC could begin targeting a new all-time high, with the technical breakout target estimated around $146,000 — a significant 33% upside from current levels. However, if $BTC fails to hold this key support and falls back into the flag pattern, it could delay the bullish breakout scenario and lead to more consolidation. Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.