š Bitcoin Primed for Explosive Rally as Bullish Pattern EmergesāStrong Support Holds Firm
Bitcoin's chart is flashing green as a classic bullish pattern takes shapeājust as institutional money starts circling like sharks at a yacht party.
The setup: A textbook ascending triangle has formed on the daily chart, with each higher low testing a key resistance level. The $64K support floor has held through three separate assaults since June, creating what traders call a 'springboard' formation.
Why it matters: When these patterns resolve, they typically send prices soaring 18-22% within weeks. The last time BTC showed this formation was January 2024āright before its 34% moonshot.
Market pulse: Open interest in BTC futures just hit a 90-day high while funding rates remain neutralāthe sweet spot before big moves. Meanwhile, Wall Street's latest 'crypto is dead' narrative lasted exactly as long as their last failed short position.
Either we're witnessing the calm before the storm...or another masterclass in how traditional finance consistently misreads digital asset cycles. Place your bets.