The popular password analysts of X Pseudony Plan D shared an interesting prediction of Bitcoin, which supports cryptocurrency, and achieved a $ 167,000 price goal based on the simultaneous formation of two strong chart patterns.
In particular, the Bitcoin market has been shaken by a significant level of volatility after the recent waking of the designated scientific tension in the Middle East. The flagship cryptocurrency fell to less than $ 103,000 on Friday, and then the reasonable price rebounded.
Optimistic penant and falling wedge formation: Bold $ 167,000 goals
In the X Post on June 13, Pland shares a somewhat interesting Bitcoin price analysis with the best cryptocurrency, which remains on the course for major prices. According to a famous trading expert, Bitcoin’s price behavior since early 2025 has made continuous wedges and optimistic penant formation.
Interestingly, both are positive chart patterns that represent imminent price blocking. According to Pland’s analysis, the Falling WEDGE Formation is largely expressed in the first three quarters in 2025, and Bitcoin has experienced a long -term market correction before the last price reversal from the wedge at the upper limit of $ 85,000.
Following this rebound, Bitcoin began a sensational price rally to achieve a new all -time high at $ 111,814 on May 22. However, after reaching this price peak, the premier cryptocurrency slipped into a downward integrated pattern and formed a channel to the side of the last two weeks.
According to the analysis of Pland, Bitcoin’s analysis shows that Bitcoin will achieve a $ 121,000 price goal. However, the analyst pointed out that this strength is valid only if the Premier Cryptocurrency maintains the lower boundary of Pennant to more than $ 102,300.
If Bitcoin Bulls can maintain this price status, Pland has a gradual progress of $ 121,000, and even if it is more than $ 167,000 in Bull Flag price targets. Interestingly, the analysts are boldly supported by the analyst if certain support is maintained regardless of the news development.
Bitcoin price outlook
In the press time, the BTC reflects a 0.15% decrease in the last day, to $ 104,960. For a longer period of time, Premier Cryptocurrency increases 1.23% on the weekly chart and 2.10% on the monthly chart, suggesting that optimistic power still maintains the faint control of the market.
Related Reading: Does Bitcoin flash early purchase signals? -The high -end UTXO ratio is dropped rapidly after the local peak
In order to enter the price discovery stage that maintains the ongoing crypto bull run, Bitcoin must be higher than the current highest level. However, this asset is currently competing at a resistance level of $ 110,000, and has been proven to be effective depending on two rejections last week.
BTC trading at $104,951 on the daily chart | Source: BTCUSDT in TradingView.com
Istock’s main image, TradingView chart
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