We are facing a classic yet powerful pattern in Bitcoin: the Double Bottom. This formation is one of the strongest reversal signals, indicating that bearish pressure is weakening and buyers are beginning to regain control.
🔍 Technical Overview:
Bottom 1: 106,800 USDT (May 23)
Bottom 2: 106,600 USDT (May 25)
Neckline: 109,000 USDT
Breakout Level: Successfully broken and holding above it.
Pattern Price Target: 112K
🚀 The price is currently hovering around $109,400, and the pattern has officially been activated. The breakout came with strong volume, signaling increased bullish momentum. If this zone holds as support, levels above $112,000 are well within reach.
🧠 “Double bottoms are where the market says: ‘We’ve sold enough.’ When buyers defend the second bottom, it sends a message: Now it’s our turn. But remember, not every pattern plays out. Know your risk, make your decision.”
⚠️ Remember: Patterns are like maps — they show you the way, but you're the one driving. Those who move with patience, discipline, and a plan will be the winners.
Written by ibrahimcosar
