Short-Term Signal for Bitcoin [Follow the Patterns]

On Bitcoin

Changed since their last video: weeks moved up to waiting.

Views

• Next weeks (next 2–6 weeks): Waiting on a level: At the time I'm putting this video together, we still don't know what we're dealing with ▶ 05:24

If this, then that

• If Rising wedge breakdown confirmed: daily closes stay below the wedge support line and price breaks below the bear flag support line, then 75–76k (next weeks, by within the next few weeks): if this is a rising wedge breakdown, then the technical price target is between 75 to $76,000. ▶ 06:58
• If Bear flag breakdown, measured from a flag pole starting around $107,000, then 60k (next months, by sometime in Q1 or Q2 of 2026): if this is the flag pole and if we get a bare flag breakdown, that puts the price target somewhere in the low 60k region, which I'd assume would come sometime in Q1 or Q2 of 2026. ▶ 08:55

Levels named

• 100k: Their view is wrong past this (50-week moving average; a definitive close back above it invalidates the bearish patterns): will be a definitive close back above the 50w week moving average which right now is around $100,000. ▶ 02:13
• 85k: Support (long lower wick where buyers pushed price back up, used to draw the bear flag support): long lower wick where buyers pushed prices back up above and away from 85K got me thinking, what if this is not a ▶ 03:46
• 75–76k: Target (rising wedge breakdown measured target, in line with the April 2025 tariff lows): if this is a rising wedge breakdown, then the technical price target is between 75 to $76,000. ▶ 06:58
• 60k: Target (bear flag measured move, near last cycle's all-time high and the 200 week SMA): that puts the price target somewhere in the low 60k region, which I'd assume would come sometime in Q1 or Q2 of 2026. ▶ 08:59

Their own position: Not said.

Dates named

• Fed easing cycle, undated: The Fed is going into a massive easing cycle right now, which generally is supportive of risk assets