Bitcoin’s recent consolidation between $115,000 and $123,000 has ignited speculation across the analyst community, with multiple firms now predicting a potential breakout to $140,000. Fueled by on-chain thresholds and institutional momentum, the current setup resembles classic continuation patterns seen in prior bull runs. Traders such as Titan of Crypto and Merlijn The Trader point to a bull pennant formation—a structure often followed by explosive upside . If confirmed, this could signal Bitcoin’s next major rally phase. Amid this setup, retail attention is also shifting rapidly toward emerging narratives, with MAGACOIN FINANCE now catching mass attention alongside Dogecoin-like viral momentum. Technical alignment supports bullish case Cointribune reports that Bitcoin’s short-term holder (STH) cost basis sits around $117,000—a level now acting as both a psychological and technical inflection point. Analysts suggest that a strong daily close above this line could provide the launchpad for a move to $130,000 or more. Glassnode data reinforces this threshold, while FXLeaders notes that Bitcoin is stabilizing above $119,000, a key foundation for further upside. As long as price remains within this tight range, traders remain confident that the next directional push will be to the upside. Viral presale matches Dogecoin’s breakout intensity As Bitcoin builds toward a potential breakout, attention in altcoin markets is turning toward high-momentum presales with retail-first narratives. MAGACOIN FINANCE is now matching Dogecoin’s viral growth trajectory, with Telegram activity surging and referral participation reaching new records. Analysts tracking adoption speed note that MAGACOIN FINANCE’s user base has grown faster than most meme coins in their early stages, and its no-vesting structure continues to appeal to short-term traders. Batch sales are closing out in record time, with social metrics outpacing projections by over 220% in July alone. The project’s blend of viral branding and community-driven distribution is positioning it as one of the most compelling presale opportunities of the cycle. Institutional flows and macro drivers remain key Data from AInvest shows that $82 billion in institutional inflows have contributed to a narrowing wedge pattern on the BTC chart. This tightening structure further validates the breakout thesis, especially as ETF allocations gain traction. Citi analysts note that Bitcoin’s near-term price action is now more correlated to institutional factors—such as fund inflows—than legacy indicators like stock-to-flow. If the breakout materializes, the upside target range of $136,000 to $140,000 could be reached within weeks, provided price remains above $119,000 and decisively clears $122,000. Conclusion: breakout thesis builds as altcoin frenzy grows With on-chain and technical indicators pointing toward a high-probability breakout, Bitcoin appears ready to make a historic move. But as the market eyes $130,000+ targets, meme-driven narratives are also evolving. MAGACOIN FINANCE’s viral rise now mirrors Dogecoin’s early explosion, offering traders a rare chance to ride a presale wave while Bitcoin consolidates. As the market enters a new momentum phase, early-stage altcoins could deliver outperformance before BTC even reaches its next milestone. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance The post Bitcoin set for historic breakout, analysts predicts appeared first on Invezz
