Bitcoin price analysis: BTC/USD bullish flag pattern heads into a breakout; the only way is up for now

Bullish trend in progress above $6,750 while the buyers are psychologically looking forward to $6,800
The 50 SMA will offer support above the bullish trendline and the area at $6,680.

John Isige FXStreet

Bitcoin price is trading a short-term bullish flag pattern pending a possible upside breakout. The price is currently supported by the 100 Simple Moving Average at $6,730. There was a brief upside movement after opening the session on Thursday but bears entered close to $6,785 where the intraday gains have been capped today.

At the moment there is a bullish trend in progress above $6,750 while the buyers are psychologically looking forward to $6,800 in the medium-term. Moreover, Bitcoin price is forming a rising wedge pattern with the upper limit zone at $6,818. If the bulls break above this level, BTC/USD could test the next resistance level at $6,850 before gaining strength to attack the coveted $7,000 zone.

The MACD is recovering from the negative region while stochastic on the 15-minutes timeframe chart is moving further up to signal the heavy presence of buyers. On the flipside, BTC/USD is still supported at $6,730 - $6,720. The 50 SMA will offer support above the bullish trendline and the area at $6,680. A much stronger support is observed at $6,600 on the chart.

BTC/USD 15’ chart

Author

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

Bittensor extends recovery despite retail demand slump

Bittensor, a leading Artificial Intelligence token, is aging up above $190 at the time of writing on Wednesday. Steady price increases characterise the broader crypto market, with Bitcoin holding above $71,000 and Ethereum above $2,000.

XRP rises as ETF inflows persist, but low retail demand may limit recovery

Ripple is gaining upside momentum, trading above $1.40 at the time of writing on Wednesday. The remittance token is rising in tandem with major crypto assets, including Bitcoin, which has crossed above the pivotal $70,000 level, and Ethereum, which is holding above $2,000.

Crypto Today: Bitcoin, Ethereum, XRP rebound amid mixed ETF flows

The cryptocurrency market is showing subtle recovery signs despite heightened global uncertainty following the United States (US) and Israel attacks on Iran and the subsequent retaliations that have morphed into a wider Middle East war.

Renewed ETF inflows send BTC above $71,000, offsetting war uncertainty

Bitcoin price rises by 5%, near the upper boundary of the recent consolidation range. US-listed spot ETFs recorded an inflow of $225 million on Tuesday, marking the second consecutive day of positive flows this week.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.