Bitcoin Poised for Takeoff? Unpacking the Bull Pennant Breakout and Po

Introduction: Are We Standing at a Historic Turning Point?

As June 2025 draws to a close, Bitcoin is back in the spotlight. Unlike the hesitant and volatile months before, the current technical and macro indicators are beginning to align. A powerful upward breakout may be in the making.

In the latest issue of Cointelegraph’s Hodler’s Digest, two developments caught the attention of serious market watchers:

Bitcoin has formed a classic bull pennant pattern — a technical structure that often precedes large price moves.
Crypto investor Anthony "Pomp" Pompliano has reportedly purchased $386 million worth of BTC, signaling strong long-term conviction.

Together, these signals suggest that the crypto market may be entering the early stages of a major bullish phase. But is this the beginning of another parabolic rally? Let’s break down what this means and how everyday investors can navigate the road ahead.

1. The Bull Pennant: A Technical Gateway to $165K BTC?

The bull pennant is one of the most recognized bullish continuation patterns in technical analysis. It typically forms after a sharp price increase (“the flagpole”), followed by a period of consolidation where the asset trades within converging trendlines — resembling a pennant or triangle.

If the asset breaks above the upper resistance trendline with increased volume, it often signals the continuation of the uptrend, with a price target derived by projecting the flagpole’s height from the breakout point.

For Bitcoin:

The recent price surge formed the flagpole.
A tightening pennant has followed, with diminishing volume.
If a breakout occurs, the measured move target lands around $165,000.

This target isn't wishful thinking — it’s based on historical price behavior and pattern projection. While no technical pattern guarantees results, the current setup offers one of the clearest mid-term bullish signals we’ve seen this year.

2. Pompliano’s $386 Million Accumulation: Belief or Strategy?

Who is Anthony “Pomp” Pompliano?

Anthony Pompliano is one of the most well-known figures in the crypto space. A former Facebook employee and co-founder of Morgan Creek Digital, Pomp has been a vocal Bitcoin bull since the early days. His newsletter and podcast are followed by hundreds of thousands of investors and analysts alike.

But this time, he’s not just talking the talk. He’s walking the walk — to the tune of $386 million in Bitcoin purchases made through his fund in recent weeks.

Why Now?

According to Cointelegraph and Pomp’s own analysis, three key reasons drove this aggressive entry:

Macroeconomic Instability
With sovereign debt soaring, monetary policy uncertain, and real interest rates under pressure, Pomp sees Bitcoin as the world’s most secure hedge against fiat debasement.
Political Uncertainty in the U.S.
The 2024 U.S. presidential election cycle has created new volatility. In such times, hard money with fixed supply, like Bitcoin, becomes especially appealing to capital allocators.
Market Structure Resembles 2020
“It’s like 2020 all over again, only better,” Pomp said on his podcast. According to him, current valuations are more reasonable, investor sentiment is more grounded, and the underlying infrastructure is far stronger.

What This Means for the Market

Pomp’s large-scale buy-in sends three critical signals:

Institutional confidence is returning — quietly but steadily.
Smart money believes a new accumulation phase has begun.
Long-term conviction outweighs short-term fear — a very bullish sign in uncertain macro times.

For everyday investors, this may be the clearest sign yet that capital rotation into crypto is beginning again.

3. Supporting Evidence: On-Chain, ETFs, and Regulatory Easing

a) On-Chain Signals: BTC Leaving Exchanges, HODLing on the Rise

Data from Glassnode indicates that:

Exchange balances are at 3-month lows, suggesting fewer holders are ready to sell.
Long-Term Holder (LTH) supply has hit a yearly high, meaning more coins are going into cold storage or long-term custody.
Network activity is stabilizing, with active addresses, transfer volume, and miner behavior supporting the current price floor.

These are the ingredients for a supply squeeze — the kind that leads to exponential rallies.

b) Institutional Flows: ETFs Continue to Absorb BTC

The U.S. spot Bitcoin ETFs have seen nine consecutive weeks of net inflows, totaling over $2.6 billion for Q2 2025 alone.

Funds like BlackRock’s iShares Bitcoin Trust are emerging as passive “BTC sinks,” locking up supply and reducing volatility over time. This is in stark contrast to the wild speculation of 2021, as ETFs introduce a more measured form of capital inflow.

c) Regulatory Environment: From Hostile to Pragmatic

Ripple CEO Brad Garlinghouse has withdrawn further appeals against the SEC, signaling a move toward compromise in one of crypto’s most watched legal battles.
Coinbase is gaining ground in its own court disputes, and momentum appears to be swinging in favor of clearer, crypto-friendly rulings.
The U.S. Congress is reviewing the Financial Innovation and Technology Act (FIT21), which could establish long-awaited legal clarity for digital assets.

This new regulatory tone — neither overly aggressive nor naive — is exactly what long-term capital wants to see.

4. What Should Investors Do? Four Smart Strategies

With both technical and fundamental setups looking favorable, how should investors approach the market today?

Strategy	Explanation
Wait for confirmed breakout	If you’re a short-term trader, let the bull pennant pattern confirm with strong volume before entering.
Use a DCA strategy	Dollar-cost averaging allows you to buy dips without risking a single entry price, especially during consolidation phases.
Manage risk with proper sizing	Even if you’re bullish, don’t over-leverage. A healthy position is one that survives volatility.
Stay informed about macro events	Fed decisions, geopolitical news, and inflation data still influence BTC price in the short term. Awareness reduces blindside risk.

Conclusion: A New Bull Cycle, or Another Fakeout?

Bitcoin has always followed cycles — and understanding where we are in that cycle is half the battle.

Right now, the signals are lining up:

A bull pennant pattern that historically precedes explosive rallies.
A high-profile investor committing hundreds of millions to BTC.
A steady flow of ETF capital and on-chain HODLing activity.
A macro environment where the fiat system’s weaknesses are increasingly visible.

All of this suggests we may be in the early innings of the next bull market — only this time, it may be quieter, more professional, and more strategic.

Wealth is not built by chasing green candles. It’s built by recognizing asymmetric opportunities and being early when others are uncertain.

If Bitcoin does break out, and the $165,000 target is hit within the next 6–12 months, we may look back on this period as a rare window of opportunity — one that favored the prepared and the patient.