Triple top

[Oshosondy]

You can see the daily candles of bitcoin price chart with triple top that I indicated with white circles. Bitcoin was almost at $89000 in the three but did not get to $89000.

Have you noticed that bitcoin was unable to get to $89000 on the 3rd of March, 2nd of April and also yesterday and today was 21st. This is the strong resistance that we have that bitcoin first need to break. Then we can later speculate about if we are going to $100000 again. We need to break the $89000/90000 barrier. Bitcoin price was at $88400 when I was about to post this.

Also did you noticed that bitcoin support was very strong at $83500? Bitcoin may not go below that price if there is no further price increase for now. If it goes down below it, there would be a massive buy again.

[btc_angela]

Also did you noticed that bitcoin support was very strong at $83500? Bitcoin may not go below that price if there is no further price increase for now. If it goes down below it, there would be a massive buy again.

Yes, it surprises me as well to see that Bitcoin had a strong support along that line.

And then it holds in which a good indication that we could have a breakout run and that's what really happen, it zoom to $85k.

But it's not done yet because currently the price is moving to $88k-$89k. So let's see how the price could go this week, and obviously we are looking for that whole number again in $90k. If we reach that price then it's a good mental win for now.

[Ambatman]

From the lense of fundamental analysis I believe we can break this level before the week runs out
Economic war and instability not to mention Fiat failing
Always a time for Bitcoin to rally.
There's still time
For the past week, Bitcoin has performed better close to the ends of weekdays.
Saylor has started buying
I really don't want us to repeat that saylor pattern.

[Oshosondy]

From the lense of fundamental analysis I believe we can break this level before the week runs out

Bitcoin has already broke the resistance. The price now is $90250. Bitcoin is a very good asset.

Let us see if $90000 will be a good support again just as it was before it fall below the price. If it becomes the support, we should expect bitcoin to increase up further. Nice seeing this happening.

[Coyster]

Bitcoin has already broke the resistance. The price now is $90250. Bitcoin is a very good asset.

Let us see if $90000 will be a good support again just as it was before it fall below the price. If it becomes the support, we should expect bitcoin to increase up further. Nice seeing this happening.

Yes, bitcoin is now above $90,000 again, a lot of people didn't expect it to rise to $90,000 in this period of economic uncertainty created by Trumps mad tariff war and the retaliatory response from the countries hit hardest by the tariff. That said, if we can get a support at this price, i believe we can start looking forward to $100,000 soon enough, but maybe we would have to wait for sometime to see how things pan out, but things are definitely looking good right now.

[EL MOHA]

Yes, bitcoin is now above $90,000 again, a lot of people didn't expect it to rise to $90,000 in this period of economic uncertainty created by Trumps mad tariff war and the retaliatory response from the countries hit hardest by the tariff. That said, if we can get a support at this price, i believe we can start looking forward to $100,000 soon enough, but maybe we would have to wait for sometime to see how things pan out, but things are definitely looking good right now.

Both your analysis and most especially that of Oshosondy are looking perfect and from the indications currently I think the market will follow through. The bitcoin price breaking through to the $90k was predicted some days back by few analysts that even if the war continues as long as the support holds it will move. Personally what I have noticed for like 10 days now is that the daily candle always closes above $83k which it has used as a primary support, with $85k been a secondary support. My strategy has always been that if this support is continued to be tested and didn’t break then the resistance will break.

We just broke the $90k resistance which for more than a month or two now we haven’t tested. My prediction from this point is, the market will use this momentum and break the little resistance at $92k and then use this $90k as primary support. If we attain this support then it is a bullish sign to $100k to me because the last time we have $90k as support was when we went for the ATH, I still think the market will follow same trend again.

[yudi09]

You can see the daily candles of bitcoin price chart with triple top that I indicated with white circles. Bitcoin was almost at $89000 in the three but did not get to $89000.

Now the support price has changed.
Not long after this topic OP made, $91,439 was a new achievement amidst the busyness of people complaining about the tariffs suspended by Trump.
When the price hit the price of $91,439 which was traded with the USDT pair on binance I saw, I wanted to ask people who like to complain and blame the situation when the price drops, are they still with the same panic and complaints?

[Frankolala]

Bitcoin has already broke the resistance. The price now is $90250. Bitcoin is a very good asset.

Let us see if $90000 will be a good support again just as it was before it fall below the price. If it becomes the support, we should expect bitcoin to increase up further. Nice seeing this happening.

Yes, bitcoin is now above $90,000 again, a lot of people didn't expect it to rise to $90,000 in this period of economic uncertainty created by Trumps mad tariff war and the retaliatory response from the countries hit hardest by the tariff. That said, if we can get a support at this price, i believe we can start looking forward to $100,000 soon enough, but maybe we would have to wait for sometime to see how things pan out, but things are definitely looking good right now.

Since the tariff reciprocal has been suspended for three months, I expect bitcoin to hit six digits again and if possible create a new ATH. This is because investors are now having peace of mind to invest in bitcoin as there are no more fears from Trump. However, bitcoin is currently in $91k price today after I saw it last this morning at 88k. Invetors are gaining back their trust on bitcoin as fiat depreciates.

[Charles-Tim]

When the price hit the price of $91,439 which was traded with the USDT pair on binance I saw, I wanted to ask people who like to complain and blame the situation when the price drops, are they still with the same panic and complaints?

People will always be people. If the price is rising, they will be very happy. Some will even buy bitcoin at the time. But if the price is going down, many of them do not care about analyses but complaints. And you know what that is more very bad, they can be following what is going on the news while many analysts will use stupid analyses to speculate that bitcoin will go down further.

It was nice that bitcoin was not sluggish to the analysis above beuase double top or triple top could mean that the market will fall a little if there is not breakout but bitcoin increase at the appropriate time.

Since the tariff reciprocal has been suspended for three months, I expect bitcoin to hit six digits again and if possible create a new ATH. This is because investors are now having peace of mind to invest in bitcoin as there are no more fears from Trump. However, bitcoin is currently in $91k price today after I saw it last this morning at 88k. Invetors are gaining back their trust on bitcoin as fiat depreciates.

I wish the tariff could have increased bitcoin price but bitcoin followed stocks that time. It supposed to be the safe haven. With time, more people will realize this.

[rat03gopoh]

Triple top in bearish phase? I think it is not a valid pattern to say that further decline will occur. In addition, the swing low also did not form a regular neckline. I actually see a falling wedge pattern there.

[yudi09]

-snip-

People will always be people. If the price is rising, they will be very happy. Some will even buy bitcoin at the time. But if the price is going down, many of them do not care about analyses but complaints. And you know what that is more very bad, they can be following what is going on the news while many analysts will use stupid analyses to speculate that bitcoin will go down further.

I want to say a word that describes typical people like that. Here's the word, thinking is hard, that's why people like to judge without basis.

It was nice that bitcoin was not sluggish to the analysis above beuase double top or triple top could mean that the market will fall a little if there is not breakout but bitcoin increase at the appropriate time.

Yes. That is the analysis that describes how Bitcoin moves. Going down a bit even though there is a breakout is also okay because at times like this it is still a good moment for investors to add Bitcoin volume to their asset list.

[Don Pedro Dinero]

Bitcoin has already broke the resistance. The price now is $90250. Bitcoin is a very good asset.

Let us see if $90000 will be a good support again just as it was before it fall below the price. If it becomes the support, we should expect bitcoin to increase up further. Nice seeing this happening.

I am optimistic about this. Not only with the technical issue in that I see a pattern of upside, unlike rat03gopoh, but because this upside seems directly caused by the weakness of the dollar, where investors who were buying dollars are now looking for safe havens in other assets. Where it was first noticed was in gold, and now, as is often the case, it is starting to be noticed in bitcoin.

[Hatchy]

People will always be people. If the price is rising, they will be very happy. Some will even buy bitcoin at the time. But if the price is going down, many of them do not care about analyses but complaints. And you know what that is more very bad, they can be following what is going on the news while many analysts will use stupid analyses to speculate that bitcoin will go down further.

Bitcoin since last week broke above it's resistance trendline on the $80k price level. I already saw this move coming and I've been taking some short term trades on the buy zones immediately after the break of the higher time frame trendline. It was expected for bitcoin to retrace back down, but some people don't understand how price works, that's why they panic every time they see the bears.

There's what we call the psychological levels, these are more like round up figures in the market and price would usually react to those levels. The last major one was the $100,000 mark. After that level price needed to gather enough liquidity back down, before pushing up again. I do hope it's continues with the uptrend now that the retracment seems to be over.

[philipma1957]

You can see the daily candles of bitcoin price chart with triple top that I indicated with white circles. Bitcoin was almost at $89000 in the three but did not get to $89000.

Have you noticed that bitcoin was unable to get to $89000 on the 3rd of March, 2nd of April and also yesterday and today was 21st. This is the strong resistance that we have that bitcoin first need to break. Then we can later speculate about if we are going to $100000 again. We need to break the $89000/90000 barrier. Bitcoin price was at $88400 when I was about to post this.

Also did you noticed that bitcoin support was very strong at $83500? Bitcoin may not go below that price if there is no further price increase for now. If it goes down below it, there would be a massive buy again.

I will bite

So now that we are over 90k what do we now need?

95k  before we drop down?

[skarais]

~~~

Bitcoin has already broke the resistance. The price now is $90250. Bitcoin is a very good asset.

Let us see if $90000 will be a good support again just as it was before it fall below the price. If it becomes the support, we should expect bitcoin to increase up further. Nice seeing this happening.

Of course, everyone is happy with today’s rally and day traders may have actually made some decent profits. The support level has certainly been strong when bitcoin has been recovering above $85k for a while, but now we have it breaking through $91k. I don’t expect $91k to be a strong support if bitcoin doesn’t break through $95k, but let’s see what happen.

I don’t know what the reason behind today’s bitcoin price increase is, but it was expected after the drop to $74k. The market is showing a strong recovery and has now raised optimism among many investors, but a bigger increase is not yet confirmed. I expect bitcoin to test the resistance level at $95k in the coming period, but only if there is no high selling action.

[aoluain]

~~~

Bitcoin has already broke the resistance. The price now is $90250. Bitcoin is a very good asset.

Let us see if $90000 will be a good support again just as it was before it fall below the price. If it becomes the support, we should expect bitcoin to increase up further. Nice seeing this happening.

Of course, everyone is happy with today’s rally and day traders may have actually made some decent profits. The support level has certainly been strong when bitcoin has been recovering above $85k for a while, but now we have it breaking through $91k. I don’t expect $91k to be a strong support if bitcoin doesn’t break through $95k, but let’s see what happen.

I don’t know what the reason behind today’s bitcoin price increase is, but it was expected after the drop to $74k. The market is showing a strong recovery and has now raised optimism among many investors, but a bigger increase is not yet confirmed. I expect bitcoin to test the resistance level at $95k in the coming period, but only if there is no high selling action.

Yes great to see the market up over $90k again, I use the term "surprised" very lightly by saying
 was surprised to see it up, I knew it would happen but just not quite this quick.

I heard on the news today that the markets are still in a bit of turmoil and that funds are fiinding
their way into "safe havens", I wonder if this includes Bitcoin at this stage? probably!

Anything Trump says now is going to affect the markets.

https://finance.yahoo.com/news/asia-fights-drag-wall-st-015217558.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAAg6h6VcKsNVL8Ji-UgDcpNulu3Rha6_imtfJ4BtL55O30MGn3hHHFT3bs8U6RDapBAS8QsoaiJv5L6YzpTIdY6mAzwzHdtERAmZstWva5Pz2awGGJb649940p5_uImLpVjek_hQaJ2hSWjdEU8ClrG6MWTRz5VfGJhKVS-IZ0LE

Some Snipits

Bloomberg reported that U.S. Treasury Secretary Scott Bessent had said a tariff standoff with
China was unsustainable, and that he expects the situation to de-escalate.

Investors worry the White House could try to replace Powell with someone who would cut rates.

Next lets see the Bitcoin market support @ $90k

[Dave1]

~~~

Bitcoin has already broke the resistance. The price now is $90250. Bitcoin is a very good asset.

Let us see if $90000 will be a good support again just as it was before it fall below the price. If it becomes the support, we should expect bitcoin to increase up further. Nice seeing this happening.

Of course, everyone is happy with today’s rally and day traders may have actually made some decent profits. The support level has certainly been strong when bitcoin has been recovering above $85k for a while, but now we have it breaking through $91k. I don’t expect $91k to be a strong support if bitcoin doesn’t break through $95k, but let’s see what happen.

I don’t know what the reason behind today’s bitcoin price increase is, but it was expected after the drop to $74k. The market is showing a strong recovery and has now raised optimism among many investors, but a bigger increase is not yet confirmed. I expect bitcoin to test the resistance level at $95k in the coming period, but only if there is no high selling action.

There should be a resistance around $90k for me, although we have topple that price, we need to see it a sustain support on this price right. Otherwise, we might see another massive decreased, so yeah it is not yet confirmed.

So for others, they are not yet convinced if this is a real breakout or not.

The good thing is that there is movement at least and not that boring sideway patterns that we are seeing in the last 3 months.

[Cryptoprincess101]

I don’t know what the reason behind today’s bitcoin price increase is, but it was expected after the drop to $74k. The market is showing a strong recovery and has now raised optimism among many investors, but a bigger increase is not yet confirmed. I expect bitcoin to test the resistance level at $95k in the coming period, but only if there is no high selling action.

It's as a result of Bitcoin ETF inflows, it was reported that Bitcoin ETFs bought about $381 million worth of BTC, part of the factors that impacts the price of bitcoin so we should enjoy the sudden surge the price experienced today. You know, the Bitcoin ETFs are major players in price determination of bitcoin so what else should we expect when there is an inflow, if not a surge. Sure, the price will likely reach $95k and above because it almost got to $93k just now so $95k is very possible. Whenever there is a surge, traders are always there to take little profits so don't expect that they won't sell.

[BitMaxz]

I will bite

So now that we are over 90k what do we now need?

95k  before we drop down?

Currently no signs of drop $88k already broke and touch to $94k recently.
For now, there might be consolidation at $90k level until the next tariff update.

The chart shows it currently under resistance level and I saw a cup with handle which is sign that it would spike more but lets see.

[Zaguru12]

I don’t know what the reason behind today’s bitcoin price increase is, but it was expected after the drop to $74k. The market is showing a strong recovery and has now raised optimism among many investors, but a bigger increase is not yet confirmed. I expect bitcoin to test the resistance level at $95k in the coming period, but only if there is no high selling action.

Nothing happened in the market other than the market sentiment changing which means the bearish fears will are quenched by some of the positives bitcoin fundamentals, we all know of recent that bitcoin has been following a bit of direction taken by stocks (something which I think ideally shouldn’t be happen), the stock market and bitcoin got positive news when it was reported that Trump made a declaration that he wouldn’t go or play hard on tariffs and that they will substantially come down in future. Also inflows into wallets and outflows through exchanges were recorded which is a sign of holding, change of SEC head could also be part of it.

But on a technical perspective, the move happened because bitcoin price had tested enough support and a break of few resistance levels were expected, it broke two already ($90k and $92k) and there is sign of consolidation before it breaks more which I still expect it does with this positives