Bitcoin: Bullish Flag Breakout Targeting $114K Zone

hello guys!

Bitcoin has been riding nicely inside an ascending channel, and it just broke out of a clean bullish flag on the 4H chart (classic continuation setup).

The move looks strong, and the target for this flag breakout sits around the $114,000–$115,000 zone (gray area). There’s a chance BTC pushes straight into that target if momentum holds, but we should also be ready for a possible pullback to the channel’s lower trendline before the next leg up.

That lower boundary would be a spot to watch for bullish reactions if the market cools off short term.

What I see:

• Pattern: Bullish Flag within Ascending Channel
  
• Breakout Confirmed: Strong momentum after flag breakout
  
• Target Zone: $114,000–$115,000

Scenarios:

1. Direct move to target
   
2. Retest of channel support (~$106,000–$107,000) before continuation
   

Invalidation: A Break below the channel support would invalidate the bullish setup