Bitcoin is flashing powerful bullish technical signals as it tests major resistance levels, suggesting that a breakout to new all-time highs may be just around the corner. The world’s leading cryptocurrency has formed both a cup-and-handle and a bullish flag pattern, two highly reliable indicators in technical analysis that often precede major upward moves.

After dipping to a weekly low of $98,253, Bitcoin has rebounded by nearly 10%, currently trading around $107,400. It has been consolidating just below a significant resistance level at $107,000 for three consecutive days, which may be a precursor to a major price explosion. The technical setup aligns with strong momentum in the market, fueled in large part by rising institutional interest.

A major catalyst behind Bitcoin’s rally has been the surge in U.S. spot Bitcoin ETF inflows, which totaled $2.2 billion this week alone, marking the third consecutive week of net additions. According to SoSoValue, this is a significant jump from the $1.02 billion added last week. For June, total inflows now stand at $4.5 billion, contributing to a cumulative total of $48.87 billion—a number poised to cross the $50 billion mark in July.

Leading the ETF pack is BlackRock’s IBIT, which has amassed over $74.5 billion in assets, including $52 billion in recent additions. Fidelity’s FBTC also saw strong investor appetite, growing its holdings to $21.5 billion. This institutional accumulation is occurring while Bitcoin supply on exchanges has fallen to just 1.21 million coins, its lowest level since December 2017, according to Santiment.

From a technical perspective, Bitcoin’s daily chart remains bullish, with prices trading above both the 50-day and 100-day Exponential Moving Averages. The simultaneous formation of a bullish flag and cup-and-handle pattern further reinforces the bullish case. These setups typically precede significant breakouts, and all eyes are now on the key resistance at $111,900, Bitcoin’s all-time high.

If Bitcoin successfully breaks above this level, it could open the door to a rally toward the psychological threshold of $115,000. With ETF inflows surging, supply dwindling, and bullish technicals aligning, Bitcoin appears well-positioned for a new leg higher in the coming weeks.