$BTC Title: Bitcoin (BTC): A Bullish W Pattern Nears Completion – Is This the Optimal Entry Zone?

Paragraph: Bitcoin is on the verge of completing a significant bullish W pattern—a double-bottom reversal—presenting a potential strategic entry zone as technical structure and on-chain momentum align. This pattern is defined by two decisive rejections of a lower price level (forming the 'W' shape) and a current approach toward the critical resistance neckline. For BTC, this formation suggests seller exhaustion at a key support zone and the early stages of a trend reversal. A high-volume breakout above the neckline resistance, which coincides with a major moving average and a prior consolidation zone, would confirm the pattern and project a measured move toward the next resistance level. While the potential for a false breakout remains, the convergence of this bullish structure with strengthening fundamentals—such as resilient ETF inflows, a reduction in exchange supply, and positive funding rate sentiment—makes the current retest of the pattern's right base a calculated area for positioning. Prudent entry would involve confirmation with a decisive 4-hour or daily close above the neckline, using the pattern's trough as a logical invalidation point.$PIPPIN $LONG

BTC
BTC
87,497.37
-1.79%