{"id":37124,"date":"2025-08-29T09:51:53","date_gmt":"2025-08-29T06:51:53","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=37124"},"modified":"2025-08-29T09:55:42","modified_gmt":"2025-08-29T06:55:42","slug":"technical-indicators-suggest-bitcoin-could-surge-to-260000","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/technical-indicators-suggest-bitcoin-could-surge-to-260000\/","title":{"rendered":"Technical Indicators Suggest Bitcoin Could Surge to $260,000"},"content":{"rendered":"<p>The daily chart of the leading cryptocurrency has formed two bullish &#8216;megaphone&#8217; patterns, potentially indicating a move towards new all-time highs, reports <a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-megaphone-pattern-targets-260k-abtc-price-screams-oversold\">Cointelegraph<\/a>.\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/0198f0ad-a8e0-778e-944f-65f932c8896e-1024x559.webp\" alt=\"0198f0ad-a8e0-778e-944f-65f932c8896e\" class=\"wp-image-264718\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/0198f0ad-a8e0-778e-944f-65f932c8896e-1024x559.webp 1024w, https:\/\/forklog.com\/wp-content\/uploads\/0198f0ad-a8e0-778e-944f-65f932c8896e-300x164.webp 300w, https:\/\/forklog.com\/wp-content\/uploads\/0198f0ad-a8e0-778e-944f-65f932c8896e-768x419.webp 768w, https:\/\/forklog.com\/wp-content\/uploads\/0198f0ad-a8e0-778e-944f-65f932c8896e-1536x838.webp 1536w, https:\/\/forklog.com\/wp-content\/uploads\/0198f0ad-a8e0-778e-944f-65f932c8896e.webp 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Daily chart of BTC\/USD on Bitstamp. Source: Cointelegraph\/TradingView.\u00a0<\/figcaption><\/figure>\n<p>The first pattern emerged on July 11. The lower trend line is at $108,000, while the upper is around $124,900, aligning with Bitcoin&#8217;s last all-time high. Breaking this level could pave the way to a target of $144,200.\u00a0<\/p>\n<p>The second pattern has been forming over the past 280 days, noted analyst Galaxy.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a><\/p>\n<p>&#8216;Bullish Megaphone&#8217; pattern for the past 280 days. <a href=\"https:\/\/t.co\/owJy5l4JOt\">pic.twitter.com\/owJy5l4JOt<\/a><\/p>\n<p>\u2014 Galaxy (@galaxyBTC) <a href=\"https:\/\/twitter.com\/galaxyBTC\/status\/1960920778960216408?ref_src=twsrc%5Etfw\">August 28, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The nearest resistance is around $125,000. Surpassing this level could trigger a rally to $206,800.\u00a0<\/p>\n<p>Crypto influencer Faisal Baig <a href=\"https:\/\/x.com\/fbmskills\/status\/1958287184265670801\">highlighted<\/a> a bullish megaphone pattern on the weekly timeframe with an even more ambitious target of $260,000. According to him, &#8220;the next growth phase is inevitable.&#8221;<\/p>\n<h2 class=\"wp-block-heading\">Potential Rebound<\/h2>\n<p>The recent correction of digital gold caused panic among short-term holders\u2014investors owning the asset for less than 155 days. Many of them <a href=\"https:\/\/forklog.com\/en\/news\/analyst-bitcoin-market-sheds-weak-hands\">sold<\/a> at a loss.\u00a0<\/p>\n<p>Analyst Frank emphasized that during Bitcoin&#8217;s <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-price-dips-to-109000\">pullback<\/a> to $109,000, the <span data-descr=\"market value to realized value ratio\" class=\"old_tooltip\">MVRV<\/span> indicator reached the oversold zone for the first time since April. At that time, the cryptocurrency&#8217;s price fell to $74,000, followed by a 51% increase.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">On the pullback to $109K, <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> tapped the \u2018Oversold\u2019 zone on the short-term holder MVRV Bollinger Band. The last occurrence was at the $74K bottom in April; since then, BTC is up +51%. <a href=\"https:\/\/t.co\/cN2FXII4SS\">pic.twitter.com\/cN2FXII4SS<\/a><\/p>\n<p>\u2014 Frank (@FrankAFetter) <a href=\"https:\/\/twitter.com\/FrankAFetter\/status\/1960840828517065194?ref_src=twsrc%5Etfw\">August 27, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The current MVRV indicator suggests potential for an upward rebound, the expert noted.\u00a0<\/p>\n<p>At the time of writing, digital gold is trading at $111,200. Over the past 24 hours, its price has dropped by 1.8%.\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"598\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-08-29-v-09.48.34-1024x598.png\" alt=\"\u0421\u043d\u0438\u043c\u043e\u043a \u044d\u043a\u0440\u0430\u043d\u0430 2025-08-29 \u0432 09.48.34\" class=\"wp-image-264719\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-08-29-v-09.48.34-1024x598.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-08-29-v-09.48.34-300x175.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-08-29-v-09.48.34-768x449.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-08-29-v-09.48.34-1536x897.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-08-29-v-09.48.34-2048x1196.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hourly chart of BTC\/USDT on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/chart\/?symbol=BINANCE%3ABTCUSDT\">TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n<p>Earlier in August, analysts at 10x Research <a href=\"https:\/\/forklog.com\/en\/news\/10x-research-bitcoins-rise-to-200000-highly-unlikely\">described<\/a> the possibility of Bitcoin rising to $200,000 as &#8220;extremely unlikely.&#8221;\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The daily chart of the leading cryptocurrency has formed two bullish &#8216;megaphone&#8217; patterns, potentially indicating a move towards new all-time highs.<\/p>\n","protected":false},"author":1,"featured_media":37125,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"The MVRV indicator hints at a potential upward rebound.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1253],"class_list":["post-37124","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-technical-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"356","promo_type":"1","layout_type":"1","short_excerpt":"The MVRV indicator hints at a potential upward rebound.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/37124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=37124"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/37124\/revisions"}],"predecessor-version":[{"id":37126,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/37124\/revisions\/37126"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/37125"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=37124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=37124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=37124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}