An analyst known as Plan D on X (formerly Twitter) is predicting a huge price jump for Bitcoin, all the way to $167,000! This prediction is based on two bullish chart patterns.
Two Bullish Patterns Pointing Up
Plan D’s analysis focuses on two key chart patterns: a falling wedge and a bullish pennant. Both are considered positive signs for Bitcoin’s price.
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Falling Wedge: This pattern played out earlier in 2025, showing a period of correction followed by a strong price reversal. Bitcoin broke through the wedge’s upper boundary at $85,000.
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Bullish Pennant:
After hitting a new all-time high of $111,814 on May 22nd, Bitcoin went into a period of sideways trading, forming the pennant shape.
The $167,000 Target
According to Plan D, these patterns suggest Bitcoin could reach $121,000. However, this prediction hinges on Bitcoin staying above the lower boundary of the pennant, around $102,300. If this support holds, Plan D believes Bitcoin could even surpass $121,000 and hit the ambitious $167,000 target based on the bull flag pattern. The analyst is confident in this prediction, regardless of any breaking news.
Current Bitcoin Price and Outlook
At the time of writing, Bitcoin is trading around $104,960. While it’s slightly down for the day, it’s showing positive gains over the week and month. To continue this upward trend and enter a new phase of price discovery, Bitcoin needs to break through its current all-time high and overcome resistance around the $110,000 mark.