Bitcoin Price Prediction As New Bullish Pattern Emerged Amid Market Uncertainty; Is $40K Next Target? 

Bitcoin Price Prediction: The formation of a bullish pennant pattern sets the BTC price for a leap of $35000
By Sahil Mahadik
Updated September 3, 2025
btc price

Bitcoin Price Prediction: The BTC price has displayed a robust uptrend since mid-October, acting as a beacon for renewed optimism across the cryptocurrency market. Rallying from a last-swing low of $26,560, the coin price surged 32.55% to reach a 500-day high of $35,263. However, this rally seems to be encountering supply pressure at the $35,000 level, igniting questions about the sustainability of buying interest.

Also Read: Valkyrie Updates Spot Bitcoin ETF Prospectus With US SEC

Advertisement
Advertisement

Bullish Pattern Prepares the Next Leap

  • The long-wick rejection candle at $35000 reflects the overhead supply is intense.
  • A breakout above the pennant pattern would set the BTC price for a quick 6% jump.
  • The intraday trading volume in Bitcoin is $16.8 Billion, indicating a 13% gain.

TradingView ChartSource-Tradingview

With the newfound supply pressure at the $35,000 level, the Bitcoin price has been trading sideways since last week. This consolidation has created an uncertain market sentiment, leading to a sideways/correction action in several altcoins. 

However, a look at the 4-hour time frame chart shows the wavering BTC price is shaping into a bullish continuation pattern called pennant. Interestingly, this pattern is often spotted in an established uptrend, allowing buyers to recuperate the bullish momentum for the next leap. 

Thus, until the two converging trendlines of this pattern are intact, the coin is likely to prolong its current consolidation. Thus, the Investors eager for the next long opportunity should watch for a breakout above the pattern’s upper trendline.

Such a breakout could unleash the build-up of bullish energy, propelling Bitcoin for a swift 6% advance to approximately $36,500. A more ambitious target would be the pole length of this pattern, suggesting an extended rally could reach a high of $42,000.

BTC1 BTC to USD = $108697.055 -0.88% (24h)
BTC BTC
usd USD
Advertisement
Advertisement

Is BTC Price Under Correction Threat?

While the near-term outlook seems bullish, it’s essential to note that the BTC price is hovering around a long-standing resistance trendline within a channel pattern. Historically, retests of this line have often led to increased supply pressure and significant price corrections. Therefore, any movement around this resistance could wield a significant influence over this coin.

  • Moving Average Convergence Divergence: Currently in a bullish crossover, with the MACD line surpassing the signal line, suggesting that the overall trend remains on the bullish side.
  • Relative Strength Index: The daily RSI is at an overbought level of 81, suggesting that a minor pullback or consolidation could be beneficial for the asset’s overall bullish health.
Advertisement
Sahil Mahadik
Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.