---
title: "Bitcoin Price Eyes 15% Gains But Traders Say BTC Could Drop to $115K First"
url: https://diffcoin.com/bitcoin-price-eyes-15-gains-but-traders-say-btc-could-drop-to-115k-first/
description: "Key takeaways:A Bitcoin price pullback to $115,000 is possible before continuing the uptrend.A bull pennant suggests that the BTC price could rally by 15%…"
published: 2025-07-22
updated: 2025-07-22
author: "Mila"
site: "Diffcoin"
---

# Bitcoin Price Eyes 15% Gains But Traders Say BTC Could Drop to $115K First

**Key takeaways:**

- A Bitcoin price pullback to $115,000 is possible before continuing the uptrend.
- A bull pennant suggests that the BTC price could rally by 15% to new highs above $136,000.

Bitcoin (BTC) price has spent most of the week pinned below $120,000, which many analysts have labelled as a key resistance zone. However, a new technical setup suggests that BTC is likely consolidating within a bull pennant before resuming its uptrend.

## Bitcoin “bull pennant” targets $136,000 and beyond

Bitcoin rallied by 14% between July 8 and Saturday to reach an all-time high of nearly $123,000. Since then, BTC price has pulled back, consolidating between the all-time high and $115,000.

The latest data from Cointelegraph Markets Pro and TradingView shows BTC trading inside a bull pennant, suggesting that the final “explosive phase” is next.

Bitcoin is in a “bull pennant breakout targeting $140,000,” said popular crypto trader Titan of Crypto in a Monday post on X.

***Related:*** ***Bitcoin bull run ‘likely close to over’ says trader as XRP flips McDonald’s***

A bull pennant is a continuation pattern that occurs after a significant rise, followed by a consolidation period at the higher price end of the range.

> “Welcome to the final and most explosive phase of the bull run.”

*BTC/USD daily chart. Source: Titan of Crypto*

A positive breakout from the pennant could potentially lead to the next leg up for Bitcoin, measured at $136,500 or 15% from its current price level.

*BTC/USD four-hour chart. Source: Cointelegraph/* *TradingView*

It is important to note that the success rate of a bull pennant is only around 54%, which makes it one of the least reliable patterns.

However, another classic pattern was spotted by Merlijn The Trader, a Bitcoin analyst, who says a BTC price target of $140,000 is in play based on an inverted head-and-shoulders pattern on the three-day chart.

> “The breakout is real. Momentum is undeniable. $140K is the measured target.”

*BTC/USD three-day chart. Source: Merlijn The Trader*

Other projections are a bit more ambitious, with one analyst citing a daily chart golden cross projecting BTC price to $155,000.

Popular trader Marcus Corvinus made a modest prediction, saying a symmetrical triangle breakout targets $125,000.

## Bitcoin could drop to test support first

With the bulk of Bitcoin’s apparent sell-side liquidity absorbed during the move to $122,000, some analysts warn that a brief flush down to test $115,000 as support could be the next move for BTC price.

“Weekend low liquidity swept!” Popular analyst AlphaBTC said that Bitcoin could drop a little lower to grab the liquidity at around $115,000.

The BTC liquidity map shows that the order book is priming for that, with bid clusters stacked between $115,000 and $116,100.

> “ A little lower and bulls will likely have the fuel needed to push higher once again.”

*Bitcoin liquidation heatmap. Source: CoinGlass*

Fellow analyst Daan Crypto Trades said BTC price has stalled near its all-time high and noted that the bulk of the volume has been traded around $118,000, which is the middle level of the current range.

The analyst told his followers to watch the range low at $115,000 as support and the range high at $121,000 as resistance.

> “Keep an eye out for these local highs and lows for a potential liquidity sweep.”

*XRP/USD one-hour chart. Source: Daan Crypto Trades*

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

[Source link](https://cointelegraph.com/news/new-bitcoin-analysis-says-most-explosive-phase-140k-close?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)