*🚀 Bitcoin's Bullish Outlook: Will BTC Reach $140,000? 📈*

Bitcoin's price action is signaling a potential bullish breakout, with technical indicators and macro trends aligning in its favor. Let's dive into the details:
*Key Insights:*
- *Bull Flag Pattern:* Bitcoin's price chart is displaying a bull flag pattern, a technical formation that has historically preceded significant price surges. A breakout above $109,000 is needed to confirm this pattern, potentially driving the price to $146,000.
- *Cup-and-Handle Structure:* The bull flag forms the handle of a larger cup-and-handle formation, a setup favored by technical analysts for predicting bullish continuation. This could lead to a price target near $143,780.
- *Resistance Levels:* Bitcoin needs to break above $107,500 to trigger a high-volume push, and $110,000 to reach new all-time highs.
- *Support Levels:* A close below the 200-day MA at $94,000 would challenge the bullish case, while $90,000 is a critical level to watch ¹ ² ³.
*Market Sentiment:*
- *DXY Slump:* The US Dollar Index (DXY) has plummeted to 96.98, its lowest level since 2022, making non-dollar-denominated assets like Bitcoin more attractive.
- *Fed Uncertainty:* Anticipation of easier monetary conditions is weakening the dollar, potentially benefiting risk assets like Bitcoin ².
*Potential Price Movements:*
- *Breakout:* A breakout above $110,000 could lead to a surge towards $140,000 or even $146,000.
- *Correction:* Failure to hold above key moving averages could invalidate the bullish scenario and spark a corrective pullback ¹ ².