Bitcoin About To Go Bananas? This Chart Pattern Says You’ll Regret Missing It 🤑

by

Oh, Bitcoin, you absolute tease. After hitting a rather ludicrous all-time high of $112,000 (because, apparently, we live in a parallel universe now), of course crypto had to do its usual “pause for dramatic effect” routine. Price traipsed sideways, eyeing the ceiling like someone at a party waiting for the music to drop. And actually, this sort of lounging about isn’t a bad sign; in the world of bull markets, a little horizontal action usually means pent-up energy for, you know, a future vertical sprint. Picture a marathon runner stretching their hamstrings, except there’s more FOMO and less lycra.

$BTC ranging for a month

So here we are—Bitcoin’s gone “meh” for about a month, tracing a path so sideways it’s starting to look like a very expensive flatline. Since triumphantly reclaiming $102,000 (cue much back-patting), BTC charged to that all-time high, then promptly turned around and dipped to $100,400 for a quick existential crisis. Now it’s wedged into a triangle pattern, presumably debating which way to fall out of bed next. Will it break upwards? Downwards? Flip a coin, but just remember where you put your lucky socks.

On the bright side (yes, there is one), the Stochastic RSI is snoozing at the bottom on the short-to-medium timeframes—which, in trader-speak, is code for “it might actually get off the sofa soon.” Check that 4-hour chart above (the one you probably pretended to understand). If those lines start curling up, maybe—just maybe—price will start climbing again. Place your bets, folks.

$BTC bouncing from 0.618 Fibonacci

Let’s hop into the daily timeframe, where, suspiciously like my attempts at dating, lower highs are starting to meet higher lows—converging into an awkward triangle of hope. Fibonacci, that long-lost Italian uncle of crypto traders, is back and demanding respect at the 0.618 level ($104,300, if you’re keeping track). Since the dramatic swan dive to just above $100,000, Bitcoin’s been clinging to that golden ratio like a toddler to their favourite teddy.

If we’re lucky, and price does its acrobatic bounce-off-the-ropes at this level, that top trendline could get smashed in true WWE fashion. Or, if the market again decides to nap, expect more sideways action, which is still better than a nosedive and does wonders for your blood pressure (sort of).

Weekly chart shows potential bounce from good support structure

And now, to the weekly chart, for anyone who likes their drama slow-burn. Here, Bitcoin’s lift-off pad is all mapped out, with support lines nicely connecting the dots from previous candle top parties at $102,000 and $104,000. If BTC manages to cling above $104,400 by this weekend’s episode—I mean, weekly close—then, hurrah, you may witness an actual bounce. But even if it doesn’t, expect a lingering period of “will they, won’t they?” tension, which will at least build some decent price structure above this key support. Silver linings all round…🐻‍❄️🚀

Read More

2025-06-19 17:55