₿ What if Bitcoin is setting up for another major move higher… but not before one more shakeout?
Here's an alternative scenario I've been watching on the weekly chart.
Bitcoin has already gone through several major swings, creating a sequence of lower highs and lower lows before recovering toward the $87K area.
Now, what if the market is starting to build a different structure?
One possible scenario worth considering:
🔹 A pullback toward the $70K region could establish a higher low.
🔹 Holding that area could strengthen the case for a bullish market structure.
🔹 A move above previous resistance could open the door to a retest of the $126K cycle high.
🔹 And if momentum continues, the $130K+ region could become a potential upside target.
Of course, this is just one scenario. A breakdown below key support would change the entire picture.
What makes this setup interesting is that both outcomes are still worth considering.
I'm curious how other market participants are reading this:
1️⃣ Do you see a potential higher low forming around $70K, or is another deeper correction more likely?
2️⃣ Is the $126K area the next major obstacle, or could Bitcoin eventually push toward $130K–$145K?
3️⃣ What price level would invalidate this bullish scenario for you?
No need to agree with the chart. I'd rather hear a well-reasoned bearish argument than a hundred comments saying "To the moon."
What's your take? Are we looking at a potential continuation setup, or a bull trap? 👇 $BTC
#BTC
#HotCPIDecemberHikePriced #AnthropicRejectsIPODelayValuationinQuestion #Binance #BinanceSquareFamily
Here's an alternative scenario I've been watching on the weekly chart.
Bitcoin has already gone through several major swings, creating a sequence of lower highs and lower lows before recovering toward the $87K area.
Now, what if the market is starting to build a different structure?
One possible scenario worth considering:
🔹 A pullback toward the $70K region could establish a higher low.
🔹 Holding that area could strengthen the case for a bullish market structure.
🔹 A move above previous resistance could open the door to a retest of the $126K cycle high.
🔹 And if momentum continues, the $130K+ region could become a potential upside target.
Of course, this is just one scenario. A breakdown below key support would change the entire picture.
What makes this setup interesting is that both outcomes are still worth considering.
I'm curious how other market participants are reading this:
1️⃣ Do you see a potential higher low forming around $70K, or is another deeper correction more likely?
2️⃣ Is the $126K area the next major obstacle, or could Bitcoin eventually push toward $130K–$145K?
3️⃣ What price level would invalidate this bullish scenario for you?
No need to agree with the chart. I'd rather hear a well-reasoned bearish argument than a hundred comments saying "To the moon."
What's your take? Are we looking at a potential continuation setup, or a bull trap? 👇 $BTC
#BTC
#HotCPIDecemberHikePriced #AnthropicRejectsIPODelayValuationinQuestion #Binance #BinanceSquareFamily
