A compelling chart pattern is taking shape on the Bitcoin daily timeframe. The price action reveals a distinctive formation that technical traders are monitoring closely—watch how support and resistance levels are aligning. These patterns often precede significant market moves, making this setup worth tracking for the next phase of Bitcoin's price discovery cycle.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
14 Likes
Reward
14
6
Repost
Share
Comment
0/400
WinterWarmthCat
· 9h ago
Is it both a pattern and support/resistance? Is this really a breakdown this time?
View OriginalReply0
MiningDisasterSurvivor
· 9h ago
Another pattern theory? I've already experienced the 2018 wave, with triangles, wedges, flags—yet in the end, it all resulted in a plunge that smashed through all support levels. No matter how much technical analysis there is, it can't save the retail investors who get harvested by the project team.
View OriginalReply0
BearMarketBro
· 9h ago
Coming back to morphology? Saying morphology every day, and next week it will break the level.
View OriginalReply0
EthSandwichHero
· 9h ago
It's the same old story, form after form, when exactly will it break out?
View OriginalReply0
IntrovertMetaverse
· 9h ago
Another pattern theory? Support and resistance are discussed every day, but aren't they just broken through?
View OriginalReply0
BlockchainTherapist
· 10h ago
Another pattern theory? Looking at patterns every day, but in the end, you're still trapped.
A compelling chart pattern is taking shape on the Bitcoin daily timeframe. The price action reveals a distinctive formation that technical traders are monitoring closely—watch how support and resistance levels are aligning. These patterns often precede significant market moves, making this setup worth tracking for the next phase of Bitcoin's price discovery cycle.