An interesting observation about $BTC
2 years ago, I posted this chart — a classic cup and handle. A lot of people noticed it back then, and the post got a great response.
Now I’m looking at the BTC hourly chart and seeing a certain similarity, but inverted. After rising to 83k, the price deviated and is now holding just below that level.
But it’s important to understand the difference:
The old chart showed a structure that formed over years.
Now we’re looking at just an hourly timeframe.
On lower timeframes, these patterns are much less reliable and often simply break down.
For now, it’s more of a visual resemblance than a strong signal.
If the price holds the 81.5–81.7k zone, we could see another attempt at the highs.
If it loses that zone, the likelihood of a deeper pullback will increase.
How do you see the current situation?
Does it look more like a setup for a rise or the start of a decline?#BTC
2 years ago, I posted this chart — a classic cup and handle. A lot of people noticed it back then, and the post got a great response.
Now I’m looking at the BTC hourly chart and seeing a certain similarity, but inverted. After rising to 83k, the price deviated and is now holding just below that level.
But it’s important to understand the difference:
The old chart showed a structure that formed over years.
Now we’re looking at just an hourly timeframe.
On lower timeframes, these patterns are much less reliable and often simply break down.
For now, it’s more of a visual resemblance than a strong signal.
If the price holds the 81.5–81.7k zone, we could see another attempt at the highs.
If it loses that zone, the likelihood of a deeper pullback will increase.
How do you see the current situation?
Does it look more like a setup for a rise or the start of a decline?#BTC