Bitcoin is forming a classic Adam & Eve bottoming pattern on the 1-hour chart, signaling a potential bullish reversal.
🔍 Pattern Details:
📌 The sharp Adam (V-shaped bottom) occurred in early February with a steep recovery attempt.
📌 The Eve (rounded bottom) is currently forming, consolidating with a smoother curvature.
📌 Resistance stands near $96,800 - $97,000, aligning with previous rejection levels.
📌 A breakout above this level could trigger a move toward $102,000 - $103,000.
🟢 Bullish Confirmation:
✔️ Breakout above $97,000 with strong volume.
✔️ Retest of neckline as support.
✔️ Completion of the rounded bottom structure.
🔴 Invalidation:
❌ BTC breaking below $94,500 would negate the pattern and could lead to further downside.
🚀 If bulls push past resistance, BTC could rally 5-6%+, aligning with the measured move projection.
What’s your take? Are we about to see a breakout? 🔥
#Bitcoin #Crypto #Trading #TechnicalAnalysis #BTC
🔍 Pattern Details:
📌 The sharp Adam (V-shaped bottom) occurred in early February with a steep recovery attempt.
📌 The Eve (rounded bottom) is currently forming, consolidating with a smoother curvature.
📌 Resistance stands near $96,800 - $97,000, aligning with previous rejection levels.
📌 A breakout above this level could trigger a move toward $102,000 - $103,000.
🟢 Bullish Confirmation:
✔️ Breakout above $97,000 with strong volume.
✔️ Retest of neckline as support.
✔️ Completion of the rounded bottom structure.
🔴 Invalidation:
❌ BTC breaking below $94,500 would negate the pattern and could lead to further downside.
🚀 If bulls push past resistance, BTC could rally 5-6%+, aligning with the measured move projection.
What’s your take? Are we about to see a breakout? 🔥
#Bitcoin #Crypto #Trading #TechnicalAnalysis #BTC
Note
Bitcoin is Moving as Predicted – Breakout in Progress 🚀Bitcoin has followed the Adam & Eve breakout pattern as expected, pushing beyond the $97,000 resistance and now trading near $99,400. The breakout is playing out as projected, with BTC steadily approaching the $102K-$103K target zone.
🔍 Updated Price Action:
📌 BTC confirmed the breakout above $97,000, holding it as support.
📌 Price is steadily climbing along the measured move trajectory.
📌 Momentum remains strong, with bulls eyeing the key psychological level at $100K.
🟢 What’s Next?
✔️ A clean break above $100K could trigger further upside momentum toward $102K-$103K.
✔️ Volume and price action remain bullish, supporting the breakout.
🔴 Caution:
❌ If BTC fails to hold above
97K on a retest, short-term consolidation could follow.❌ Rejection near $100K-$102K could trigger temporary selling pressure before continuation.
The next few days are crucial—will BTC push through $100K and hit our target, or will sellers step in? Let’s watch closely!
#Bitcoin #Crypto #BTC #Trading #TechnicalAnalysis
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.