Bitcoin is showing an interesting pattern at current levels. If the rising triangle formation manages to break out above resistance, we could potentially see BTC rally toward the $106k zone. Traders are keeping a close eye on whether this bullish setup holds or if we'll see a pullback first.
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FUDwatcher
· 4m ago
Hey 106k sounds good, but I bet it will drop first before going up haha
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LazyDevMiner
· 01-13 10:08
106k? It's all been eaten up by institutions. How can it still go up?
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SatoshiChallenger
· 01-13 10:07
Another rising triangle. Interestingly, how are those who analyzed it like this last time doing now?
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$106k... Ironically, when the market is irrational, everyone's technical analysis works well.
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Wait, the data shows that every time there's a "breakout imminent," someone says this time is different [cold laugh].
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Objectively speaking, this is just betting on the market continuing to be crazy, nothing else.
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Half a year ago, someone said the same thing. And the result?
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The moment resistance is broken, you'll know who survives and who becomes the bagholder.
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ParallelChainMaxi
· 01-13 10:04
106k? Laughing out loud, it's the same old story. Every time, they say it's going to break through resistance levels, but it's just a trick to trap people.
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BuyTheTop
· 01-13 09:51
Hey, you're talking about a breakout again. Last time you said that, Coin Ge directly smashed it.
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TokenAlchemist
· 01-13 09:40
rising triangle breakouts are textbook inefficiency vectors ngl... but $106k assumes perfect state transitions which rarely happens on-chain. more likely we're trapped in some MEV extraction zone until liquidity cascades force the move. also who's actually confident in this breakout rn? feels premature
Bitcoin is showing an interesting pattern at current levels. If the rising triangle formation manages to break out above resistance, we could potentially see BTC rally toward the $106k zone. Traders are keeping a close eye on whether this bullish setup holds or if we'll see a pullback first.