- Bitcoin holds above $113K after bull pennant breakout, keeping the $137K target in focus.
- 98% of BTC holders are in profit, with strong long-term holding trends reinforcing market stability.
- Large transactions hit $229B in a week as market activity remains high despite lower daily volume.
Bitcoin continues its upward trajectory after breaking out of a confirmed bull pennant pattern formed between May and July 2025. The breakout above the pivotal level near $113,000 has driven sustained price momentum. Bitcoin remains on track for the $137,000 target, maintaining a bullish continuation within the broader uptrend structure.
Price Breakout Drives Ongoing Bullish Momentum
According to analysis prepared by Titan of Crypto on X, Bitcoin completed a bull pennant pattern and broke out decisively in early July. The price surged above $113,000, which served as the key breakout level, and has since maintained higher highs and higher lows. The current price is around $118,030.29, showing an 11.23% increase over the past month.
Bitcoin’s price action remains strong, supported by trading volume and positive market sentiment. The breakout projection, calculated from the prior flagpole, sets the next target near $137,000. The chart shared by Titan of Crypto also marks a potential extended target near $138,000. The structure stays intact as Bitcoin holds above former pennant resistance.
Data from CoinMarketCap shows that Bitcoin’s market capitalization is $2.37 trillion, with a fully diluted valuation of $2.47 trillion. The circulating and total supply stands at 19.89 million BTC, nearing the 21 million cap. The 24-hour trading volume is $46.37 billion, despite a 28.73% decrease.
Holder Metrics and Market Trends Support the Uptrend
According to an observation by IntoTheBlock, 98% of Bitcoin addresses are currently in profit, while 2% remain at breakeven. No addresses are at a loss, which supports continued bullish sentiment. Large holder concentration is measured at 12%, and price correlation with Bitcoin remains perfect at 1.
Holders Time Share data reveals that 76% of holders have retained their BTC for over a year, and 20% have held between one and twelve months. The data reflects strong hands in the market, further supporting the ongoing trend.
Large transactions in the last seven days totaled $229.21 billion, and netflows recorded a $1.48 billion outflow. Transaction demographics show a near-even split, with 52% from the West and 48% from the East.
