Bitcoin has formed a Double Bottom around the $60,000–$64,000 area. The neckline was broken decisively and the subsequent retest has already been completed, with price holding above the breakout zone.
The breakout also came with strong momentum, and price has moved above the long-term falling trendline. This strengthens the bullish structure.
Current price is around $85,940.
The measured move from the Double Bottom projects approximately $104,000, which is the major pattern target marked on the chart.
For the setup to remain intact, Bitcoin needs to hold the $80,000–$82,000 area. A deeper pullback toward the breakout/retest zone can still occur without immediately invalidating the structure.
Above $88,000, momentum can strengthen further toward $92,000 → $96,000 → $100,000+.
Key levels:
Support: $80,000–$82,000
Resistance: $88,000 / $92,000 / $100,000
Double Bottom target: ~$104,000
DISCLAIMER:
For educational and informational purposes only. This is my personal technical analysis, not financial or trading advice or a recommendation to buy/sell. Do your own research before trading. Markets involve substantial risk, and all levels, targets and setups are illustrative and not guaranteed. Trade with proper risk management and never rely solely on this analysis.
Trade with logic. Risk with discipline.
Logic Trade Room
The breakout also came with strong momentum, and price has moved above the long-term falling trendline. This strengthens the bullish structure.
Current price is around $85,940.
The measured move from the Double Bottom projects approximately $104,000, which is the major pattern target marked on the chart.
For the setup to remain intact, Bitcoin needs to hold the $80,000–$82,000 area. A deeper pullback toward the breakout/retest zone can still occur without immediately invalidating the structure.
Above $88,000, momentum can strengthen further toward $92,000 → $96,000 → $100,000+.
Key levels:
Support: $80,000–$82,000
Resistance: $88,000 / $92,000 / $100,000
Double Bottom target: ~$104,000
DISCLAIMER:
For educational and informational purposes only. This is my personal technical analysis, not financial or trading advice or a recommendation to buy/sell. Do your own research before trading. Markets involve substantial risk, and all levels, targets and setups are illustrative and not guaranteed. Trade with proper risk management and never rely solely on this analysis.
Trade with logic. Risk with discipline.
Logic Trade Room
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.