Bitcoin's holding up nicely at the bear flag bottom, gradually forming what looks like a consolidation channel. The key thing here is watching how far this sideways action can stretch.
I've got my eyes on $90.6k and $94.2k as the resistance zones to monitor. But here's what's interesting—if momentum picks up, we could see a test of that $98k level before the short-term picture clears up. Right now it's all about whether this channel tightens or breaks out. The technicals are worth keeping an eye on.
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AirdropFreedom
· 4h ago
My question is, can 98k really be broken?
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GateUser-44a00d6c
· 4h ago
98k can't break through, so it still needs to retest. Feels like 98 is another hurdle.
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DefiOldTrickster
· 4h ago
98k? Haha, this guy is just like me, waiting for arbitrage opportunities at these key price levels. I was looking at it the same way in 2017, and guess what happened... Never mind, I won't say. Now I'm just trying to see if I can extract some yield from this channel.
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AirdropLicker
· 4h ago
98k? Are you dreaming or is there really a chance?
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ExpectationFarmer
· 4h ago
All the 98k moves were just feints; it was about whether it could break through 94,000.
Bitcoin's holding up nicely at the bear flag bottom, gradually forming what looks like a consolidation channel. The key thing here is watching how far this sideways action can stretch.
I've got my eyes on $90.6k and $94.2k as the resistance zones to monitor. But here's what's interesting—if momentum picks up, we could see a test of that $98k level before the short-term picture clears up. Right now it's all about whether this channel tightens or breaks out. The technicals are worth keeping an eye on.