BTCUSD: Adam & Eve Breakout Formation – $102K Target?
Bitcoin is forming a classic Adam & Eve bottoming pattern on the 1-hour chart, signaling a potential bullish reversal.
🔍 Pattern Details:
📌 The sharp Adam (V-shaped bottom) occurred in early February with a steep recovery attempt.
📌 The Eve (rounded bottom) is currently forming, consolidating with a smoother curvature.
📌 Resistance stands near $96,800 - $97,000, aligning with previous rejection levels.
📌 A breakout above this level could trigger a move toward $102,000 - $103,000.
🟢 Bullish Confirmation:
✔️ Breakout above $97,000 with strong volume.
✔️ Retest of neckline as support.
✔️ Completion of the rounded bottom structure.
🔴 Invalidation:
❌ BTC breaking below $94,500 would negate the pattern and could lead to further downside.
🚀 If bulls push past resistance, BTC could rally 5-6%+, aligning with the measured move projection.
What’s your take? Are we about to see a breakout? 🔥
#Bitcoin #Crypto #Trading #TechnicalAnalysis #BTC
🔍 Pattern Details:
📌 The sharp Adam (V-shaped bottom) occurred in early February with a steep recovery attempt.
📌 The Eve (rounded bottom) is currently forming, consolidating with a smoother curvature.
📌 Resistance stands near $96,800 - $97,000, aligning with previous rejection levels.
📌 A breakout above this level could trigger a move toward $102,000 - $103,000.
🟢 Bullish Confirmation:
✔️ Breakout above $97,000 with strong volume.
✔️ Retest of neckline as support.
✔️ Completion of the rounded bottom structure.
🔴 Invalidation:
❌ BTC breaking below $94,500 would negate the pattern and could lead to further downside.
🚀 If bulls push past resistance, BTC could rally 5-6%+, aligning with the measured move projection.
What’s your take? Are we about to see a breakout? 🔥
#Bitcoin #Crypto #Trading #TechnicalAnalysis #BTC
Nota
Bitcoin is Moving as Predicted – Breakout in Progress 🚀
Bitcoin has followed the Adam & Eve breakout pattern as expected, pushing beyond the $97,000 resistance and now trading near $99,400. The breakout is playing out as projected, with BTC steadily approaching the 102K-103K target zone.
🔍 Updated Price Action:
📌 BTC confirmed the breakout above $97,000, holding it as support.
📌 Price is steadily climbing along the measured move trajectory.
📌 Momentum remains strong, with bulls eyeing the key psychological level at 100K.
🟢 What’s Next?
✔️ A clean break above 100K could trigger further upside momentum toward 102K-103K.
✔️ Volume and price action remain bullish, supporting the breakout.
🔴 Caution:
❌ If BTC fails to hold above
97K on a retest, short-term consolidation could follow.
❌ Rejection near 100K-102K could trigger temporary selling pressure before continuation.
The next few days are crucial—will BTC push through 100K and hit our target, or will sellers step in? Let’s watch closely!
#Bitcoin #Crypto #BTC #Trading #TechnicalAnalysis
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.