Bitcoin's price momentum is putting the crypto on track for a 14% rally by year-end, according to a technical analyst. It hovered around $117,000 on Friday.

Bitcoin's BTC $110,770.05 spot price has surpassed $111,000 and could rise by another 30% to exceed $140,000. That's the message from the daily price chart of BlackRock's Nasdaq-listed spot bitcoin ETF, known by its IBIT ticker, which shows a bull flag breakout.

Bitcoin price stabilizes around 111,000 on Thursday after hitting a record high of nearly $112,000 the previous day. Fed Minutes spark renewed risk-on sentiment as it showed officials foresee interest rate cuts later this year, boosting momentum across markets.

Shiba Inu rally shows strength with breakout above key resistance. Rising volume and bullish momentum hint at more upside for SHIB in the coming days.

Bitcoin's recent bull run has been characterized by steady price increases and declining volatility, aligning more with traditional financial markets.

In summary, Bitcoin currently stands at a critical juncture, held up by solid support while technical signals point to hesitation above resistance. The convergence of technical setups and broader market sentiment sets the stage for a potentially decisive move in July, one that could define the next chapter of its price trajectory.

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