Despite recent turbulence in the crypto world, a leading analyst is doubling down on a bold Bitcoin prediction that has people talking.
Amid the usual market swings and even geopolitical shocks from the Middle East, one crypto expert believes Bitcoin could soon reach an eye-watering $167,000—if a few technical signals hold strong.
Chart Patterns Point to a Bullish Breakout
A popular crypto analyst known as Plan D (on X, formerly Twitter) shared his latest outlook on June 13, pointing to two powerful chart formations: a falling wedge and a bullish pennant.
Both patterns are known in technical analysis for signaling potential breakouts—and Plan D believes Bitcoin is checking both boxes.
According to his post, Bitcoin began 2025 with a steep correction, forming the falling wedge—a pattern often seen before a bullish reversal.
This wedge pattern concluded when Bitcoin broke past the $85,000 level, signaling the start of a rally.
Bitcoin’s Rise and Recent Consolidation
What followed was a rapid surge in price, eventually taking Bitcoin to a new all-time high of $111,814 by May 22.
This price movement essentially created the “flagpole” of a classic bullish flag setup.
Since that peak, however, Bitcoin has cooled off a bit, moving sideways over the past couple of weeks—forming the pennant portion of the pattern.
Plan D says this new formation suggests Bitcoin is still on track for another rally.
He sees a short-term target of $121,000, as long as Bitcoin doesn’t fall below the key support line at $102,300.
From $121K to $167K? Here’s the Analyst’s Take
If Bitcoin stays above that lower boundary, the analyst sees potential for even more upside—possibly reaching $167,000.
That would complete the full bullish flag breakout.
And here’s the interesting part: Plan D believes this could happen regardless of external market news, as long as the technical structure remains intact.
What’s Happening Right Now?
At the moment, Bitcoin is trading at $104,960, which is only a slight dip of about 0.15% over the past 24 hours.
Over a longer stretch, though, it’s up 1.23% on the week and 2.10% over the past month.
That means the bulls still have a bit of strength in their corner, though momentum is clearly weakening.
Big Hurdle Ahead: $110K Resistance Zone
For Bitcoin to kick off another true bull run, it needs to break past its previous all-time high and stay above it.
That won’t be easy—Bitcoin has already been rejected twice at the $110,000 resistance zone in recent days.
Until it clears that hurdle, the path to new highs remains a tough climb.
The Bottom Line
Between promising chart patterns and the persistence of long-term bullish sentiment, Plan D’s prediction isn’t as wild as it might first seem.
But like always in crypto, it’s all about timing, patience, and keeping a close eye on the key support and resistance zones.