Bitcoin appears to have formed a bottom based on current price action. Looking at the chart setup, a double bottom pattern is developing, which typically signals a potential reversal and bullish momentum. If this pattern holds, BTC could be poised for a significant move upward, with the $107,000 level emerging as a key target in the near-term bull run.
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GasWaster
· 01-08 04:51
Double bottoms do have some validity, but I'm just worried it might be a false breakout again.
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ImpermanentLossFan
· 01-07 13:06
Double bottom again? That's what they said last year around this time, and look what happened...
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AirdropHuntress
· 01-06 19:30
Double bottom pattern? After research and analysis, I've heard this explanation too many times. The key is to watch the movements of large wallet addresses, not just focus on the chart patterns.
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LightningLady
· 01-06 19:26
Starting to form a double bottom again, I'm tired of this routine. The last time it was at 100,000, I said the same...
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RugpullTherapist
· 01-06 19:17
Double bottoms need to truly be confirmed; otherwise, it's just a false breakout. I still haven't recovered from the last trap...
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DEXRobinHood
· 01-06 19:13
Double bottom? Another classic pattern, every time they say it will go up, but what happened... However, this time 107k is indeed quite tempting.
Bitcoin appears to have formed a bottom based on current price action. Looking at the chart setup, a double bottom pattern is developing, which typically signals a potential reversal and bullish momentum. If this pattern holds, BTC could be poised for a significant move upward, with the $107,000 level emerging as a key target in the near-term bull run.