Bitcoin's consolidation pattern over recent weeks is setting up an interesting technical setup. The near-term momentum looks like it's building toward that 105-112k range, which could be the next major move. That said, when you zoom out on the longer timeframe, the picture gets trickier. There's a triple top formation that failed to break past the Wave 5 limit height—that's a red flag for me. Layer in the harmonic patterns at play here, and it feels like the upside might be capped for now. The setup suggests caution on aggressive bullish bets until we see a clear break and confirmation of the move. Worth watching how price reacts at these key resistance levels.

BTC-1.39%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
ApeShotFirstvip
· 3h ago
Oh come on, triple top, I don't believe you. Are you trying to scare us into panic selling this time?
View OriginalReply0
BridgeTrustFundvip
· 01-05 02:51
The triple top this time is a bit uncomfortable; I feel like I should wait for a breakout before jumping in.
View OriginalReply0
RugPullProphetvip
· 01-05 02:50
Can't break the triple top? Looks like this wave will have to be repeatedly tinkered with again.
View OriginalReply0
Fren_Not_Foodvip
· 01-05 02:40
The probability of inducing buying pressure is quite high at 105-112k. I also saw the triple top flag; this time, I need to wait for confirmation before jumping in.
View OriginalReply0
DecentralizeMevip
· 01-05 02:33
The triple top can't be broken, and this wave might just get stuck here.
View OriginalReply0
PensionDestroyervip
· 01-05 02:29
Is the 105-112k range really that breakable? I'm a bit skeptical about this triple top; the harmonic pattern is all pointing towards the ceiling.
View OriginalReply0
CafeMinorvip
· 01-05 02:28
Triple top is back. Is it really going to fall this time?
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)