$BTC

Hey Binance Square Family!

Let’s take a fresh look at Bitcoin (BTC/USDT) on the daily timeframe, where we might be witnessing the early signs of a classic double bottom pattern—a bullish setup that could signal a powerful upside move.

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🔁 What’s a Double Bottom?

A double bottom is a bullish reversal pattern that forms after a decline, where price tests a support level twice, creating a "W"-shaped formation. If confirmed, it often signals a strong upward move toward a key resistance or target zone.

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📍 BTC’s Key Levels to Watch

Support Zone: Around $85K – This is the potential “bottom” being retested.

Neckline Resistance: Approx. $92K–$93K – A break above this confirms the pattern.

Upside Target: $97K – Based on pattern projection and previous resistance.

Bitcoin is showing signs of strength after retesting the $85K zone. If buyers step in and break through the neckline zone around $92K–$93K, this pattern could send BTC soaring toward $97,000.

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🔍 Indicators to Confirm the Setup

Volume Spike on Breakout: A breakout with rising volume would validate the pattern.

RSI Above 50: Suggests momentum shifting in favor of bulls.

MACD Bullish Cross: Reinforces trend reversal potential.

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⚠️ What to Watch For

Rejection at the Neckline? A failure to break $93K could delay or invalidate the pattern.

Bearish Pressure at $85K? A breakdown below support would negate the bullish scenario.

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📈 Final Thoughts

If Bitcoin successfully forms and confirms this double bottom pattern, $97K could be the next major target. Stay alert for breakout confirmation and trade with discipline!

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