Meade Sees $100K Bitcoin Breakout in October, Flags Classic Bull Pattern

Crypto trader Will Meade believes Bitcoin is forming a 'textbook high-and-tight flag' that could lead to a breakout towards $100,000 in October. This pattern is often associated with consolidation after a strong upward move.

The analyst suggests that the recent sideways trading may be building momentum for Bitcoin's next parabolic move. Meade expects renewed buying pressure to push BTC out of its current range and trigger a broader rally.

To reach $100,000, Bitcoin would need to break through key resistance levels and maintain enough buying momentum. The cryptocurrency is currently 35.8% below its previous all-time high, underscoring how much ground it still has to regain.