Using historical patterns to predict Bitcoin's future trajectory seems interesting.
Compared to the previous weekly chart, if history repeats itself as expected, the weekly chart will continue to rise for about 2 more weeks in the short term. The breakout range is expected to be between $104,000 and $108,000, after which a downward trend is likely to start, potentially triggering a bear market.
But this is just one possibility. If Bitcoin's weekly chart forms a third pattern, the situation would be completely different—at that point, the market could enter a frenzy bull or slow bull phase, and the bull market could make a comeback, possibly breaking current highs and reaching even higher prices. The specific direction will depend on subsequent volume performance and market sentiment.
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DataPickledFish
· 8h ago
Oh no, it's the same old story of history repeating... 10.4 to 10.8K sounds quite tempting.
If this wave really crashes down, I'll have to cut my losses again.
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WalletDetective
· 8h ago
104,000-108,000? Sounds like another wave of retail investors getting caught.
I've heard the same story of history repeating itself a hundred times, but I've never seen it come true... Maybe the third form is the real one?
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MevHunter
· 8h ago
History repeats itself, here we go again. Feels like I say this every time.
From 10.4 to 10.8, it's still too conservative.
Trading volume is the key; without volume, everything is pointless.
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ImpermanentPhilosopher
· 8h ago
The theory of historical repetition always sounds so certain, but what should we do when it reaches the hundred-thousand level?
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The third form of a crazy bull and slow bull, sounding like it might make a difference, but we just can't grasp the variables of volume and sentiment.
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Both historical laws and a third possibility, it feels like just saying "it might go up or it might go down."
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Between 10.4 and 10.8, I find it a bit uncertain. Can the volume really support a rise?
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Interesting is interesting, but I'm just worried that history might not truly repeat itself this time.
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Market sentiment is so magical; even the most precise weekly chart can't stop a breaking news message.
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Rather than fixating on technical patterns, it's better to first see how the macro environment moves.
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"May make a comeback," such a statement sounds so unconfident.
Using historical patterns to predict Bitcoin's future trajectory seems interesting.
Compared to the previous weekly chart, if history repeats itself as expected, the weekly chart will continue to rise for about 2 more weeks in the short term. The breakout range is expected to be between $104,000 and $108,000, after which a downward trend is likely to start, potentially triggering a bear market.
But this is just one possibility. If Bitcoin's weekly chart forms a third pattern, the situation would be completely different—at that point, the market could enter a frenzy bull or slow bull phase, and the bull market could make a comeback, possibly breaking current highs and reaching even higher prices. The specific direction will depend on subsequent volume performance and market sentiment.