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.
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LadderToolGuy
· 01-07 22:43
Triple top crashing the market, I knew this wave would be full of risks and few gains.
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ApeShotFirst
· 01-07 18:01
Oh come on, triple top, I don't believe you. Are you trying to scare us into panic selling this time?
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BridgeTrustFund
· 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.
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RugPullProphet
· 01-05 02:50
Can't break the triple top? Looks like this wave will have to be repeatedly tinkered with again.
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Fren_Not_Food
· 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.
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DecentralizeMe
· 01-05 02:33
The triple top can't be broken, and this wave might just get stuck here.
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PensionDestroyer
· 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.
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CafeMinor
· 01-05 02:28
Triple top is back. Is it really going to fall this time?
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.