$BTC Price is currently trying to break out of the ascending triangle / double bottom.



The last time we saw this pattern after a leg down, a 20% pump followed shortly after the breakout.

The technical target of this formation is around 70k, which sits right inside a daily imbalance.

One of my favored scenarios at the moment is a move higher followed by a rejection from that imbalance.

That said, I’d much rather see this breakout happen next week than over the weekend.

Weekend breakouts tend to be less reliable and have a higher chance of being a fakeout.
BTC4.88%
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KiteRerouter
· 06-13 15:29
That 70k daily gap is definitely a tough nut to crack; there's a good chance it gets rejected again after pushing up.
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GateUser-8d51653b
· 06-13 15:13
Double bottom + ascending triangle, a classic bullish combination. Hope this time it doesn't fool me.
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OnchainComplainer
· 06-13 15:13
20% pump sounds very tempting, but with such poor liquidity over the weekend, I really don't dare to chase.
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PerpPulse
· 06-13 15:13
There are indeed too many weekend holiday breaks. I was scammed once last time, so this time I prefer to wait until next week to confirm.
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