They said sub-$90k Bitcoin wasn't possible.......
Whenever you have a breakout, for the breakout to be confirmed, it needs to be retested. This is a basic technical analysis concept.
We broke out from the 2024 ATH of 74k but it has not been retested yet.
After topping at 108k and hitting a near horizontal 109k, Bitcoin has quietly completed a Double Top pattern on the weekly chart which is extremely Bearish.
There are Daily and Weekly fair value gaps running down to 61k.
The chart shows a simple, logical path of how we could potentially arrive at 61k, including the inevitable pullbacks along the way.
This is based 100% on technical analysis.
BTCUSDT BTCUSD
We broke out from the 2024 ATH of 74k but it has not been retested yet.
After topping at 108k and hitting a near horizontal 109k, Bitcoin has quietly completed a Double Top pattern on the weekly chart which is extremely Bearish.
There are Daily and Weekly fair value gaps running down to 61k.
The chart shows a simple, logical path of how we could potentially arrive at 61k, including the inevitable pullbacks along the way.
This is based 100% on technical analysis.
BTCUSDT BTCUSD 
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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.