- Bitcoin shows a bullish flag pattern with traders eyeing $140K as Captain Faibik highlights October and November momentum.
- BTC holds firm above key supports with volume confirming breakouts as dips offer entry points before a potential rally to $140K.
- Faibik’s chart projects $140K as consolidation ends and ascending channel strength signals continued bullish momentum into Q4 2025.
Bitcoin traders are closely watching the market as Captain Faibik signaled another bullish rally ahead. On X, the analyst stated: “$BTC is getting Ready for Another Bullish Rally.. I think October & November are gonna be Bullish Months.. Before the Breakout, if we get a dip, that would be a very good opportunity..” His chart of BTCUSDT shows a bullish flag structure with a projected target near $140,000.
From Downtrend to Breakout
The daily chart highlights Bitcoin’s shifting market phases throughout 2025. Early in the year, BTC moved within a descending channel, creating lower highs and lower lows. However, around mid-year, Bitcoin reversed momentum by breaking above descending resistance. The market then entered an ascending channel, with higher lows and higher highs carrying prices above $120,000.
Besides, the rally paused with a consolidation range between $106,000 and $120,000. Multiple bounces tested both resistance and support during this sideways move. Consequently, the consolidation acted as a base for the current breakout pattern. Faibik’s analysis suggests the breakout resembles a bullish flag, a continuation setup often signaling further upward momentum.
Technical Setup Points Toward $140K
The chart now shows Bitcoin trading at $114,481.83, reflecting a mild dip of 0.38%. Moreover, volume spikes have confirmed each breakout and breakdown, reinforcing the reliability of the market’s directional moves. The blue projection line on Faibik’s chart points toward $140,000, a target derived from the flag’s pole height.
Additionally, Bitcoin remains above key supports inside the ascending channel. Trendlines converge, offering strong technical structure for future moves. Hence, traders view the recent dip as a potential entry before larger gains. The bullish flag pattern, alongside supportive volume trends, strengthens the case for a new rally.
Faibik emphasized that October and November could see strong momentum. The technical framework aligns with his forecast, giving traders reasons to anticipate higher levels if support holds.
