A little technical analysis on BTC chart

[OsaiEmma]

EDIT( feb 6th 2026)

As at the time of this edit, BTC is at 65k+

From my little TA(POV), Bitcoin tested a resistance at 96k+ before dropping to the demand zone(in the weekly chart), it broke that zone the day before yesterday, and continued going down and stopped at around 60k+ price, although we will probably see a retest at its previous low of the previous trend which is around 80k+ before it continues downward, but in all, we can see that we are now in the bear market, and it will be a long one, or probably not, my guess is it will last until mid 2027 or late 2027.

Although the chart is like a triple top here in the weekly though, I was also expecting to see it in the monthly for full confirmation, but it is what it is, so it is clear a reversal of the up trend and now let the bears move....

NOTE: NFA

What are your thoughts though.

From my POV, I think this is d retest I stated earlier in my OP. Although, we are expecting to see d bearish resumption probably a month or 2 from now, cause no reversal signal have been spotted yet across d time-frames, but my guess is, der will be a reversal signal which will take probably a month or 2, before d downward movement resumes, then I think it will bottom at around ~50k, or maybe not, no 1 can accurately call d bottom though.

N/B: This is NFA, it is just a young trader, doing TA, encouraging others to also share der insight and views, I might be 100% wrong here cause, so many speculations are going around dat d bear market have ended, I think otherwise though. Peace ✌🏽

[Peanutswar]

Nice to see you are still engaging with this thread and make an updated regarding with bitcoin price.



Currently these are the price that I keep an eye on, previously we form a head and shoulder pattern so after the shoulder gets break we do expect a little break out. By the way its a WEEK time frame so I do look at the bigger picture, so if you tried to deep into in with the short term time frame there is a consolidation happens at that red candle and now if ever that makes another candle and over power the previous candle last april there is a chance it could be a reversal for the bearish.

Good opportunity for the dip traders and hodlers feels bad for the people bought at the top. if ever your TA probably will meet the 50k if does not respect the support.

[dwyane36]

From my POV, I think this is d retest I stated earlier in my OP. Although, we are expecting to see d bearish resumption probably a month or 2 from now, cause no reversal signal have been spotted yet across d time-frames, but my guess is, der will be a reversal signal which will take probably a month or 2, before d downward movement resumes, then I think it will bottom at around ~50k, or maybe not, no 1 can accurately call d bottom though.

N/B: This is NFA, it is just a young trader, doing TA, encouraging others to also share der insight and views, I might be 100% wrong here cause, so many speculations are going around dat d bear market have ended, I think otherwise though. Peace ✌🏽

Yes, the current uptrend isn’t as strong as many would like, and there is indeed a possibility that the BTC price could fall within the $50-60k range. Moreover, if you look at the liquidation heatmap, you’ll notice that there is a high concentration of positions in that exact range that could be liquidated.

[vs2014]

We are in a very risky situation right now where it would be inappropriate to argue about the price of any currency. It is very difficult to predict the future at this time especially in the case of pumps. if the market goes down for some reason you will have the opportunity to buy Bitcoin at a lower price again. Most people are worried about the crypto market due to the political situation and the ongoing issues of the war. For now, consider it a bear market and stay calm because the market will not leave you. I had predicted a negative reaction to the price of Bitcoin during the war but that did not happen. Rather, the market ran around with a small price gap.

[OsaiEmma]

Nice to see you are still engaging with this thread and make an updated regarding with bitcoin price.



Currently these are the price that I keep an eye on, previously we form a head and shoulder pattern so after the shoulder gets break we do expect a little break out. By the way its a WEEK time frame so I do look at the bigger picture, so if you tried to deep into in with the short term time frame there is a consolidation happens at that red candle and now if ever that makes another candle and over power the previous candle last april there is a chance it could be a reversal for the bearish.

Good opportunity for the dip traders and hodlers feels bad for the people bought at the top. if ever your TA probably will meet the 50k if does not respect the support.

Thanks for this, and yes, those points are key support and resistance points, but just below that double bottom, there is a demand zone. I believe a lot of traders are watching dat zone with pending buy orders(just my thought though), that's why I believe it will go further down to around d 50k price.

Yes, the current uptrend isn’t as strong as many would like, and there is indeed a possibility that the BTC price could fall within the $50-60k range. Moreover, if you look at the liquidation heatmap, you’ll notice that there is a high concentration of positions in that exact range that could be liquidated.

Yes...those are my thoughts exactly, der are a lot of pending buy order der, that's why I identified that zone as a demand zone.

[SquallLeonhart]

We are in a very risky situation right now where it would be inappropriate to argue about the price of any currency. It is very difficult to predict the future at this time especially in the case of pumps. if the market goes down for some reason you will have the opportunity to buy Bitcoin at a lower price again. Most people are worried about the crypto market due to the political situation and the ongoing issues of the war. For now, consider it a bear market and stay calm because the market will not leave you. I had predicted a negative reaction to the price of Bitcoin during the war but that did not happen. Rather, the market ran around with a small price gap.

I won't say risky since it is not the first time we experience this. If you mean we are in a critical situation, not either because we did hit our $80k target already. But whatever, to argue or to speculate about a price will always be there. It not inappropriate or what.

In fact, it can make things less boring, or it can help motivate someone if they are losing hope seeing the declining market. Predicting is always hard anyway but as time passes by, things would have been a little clear for the some of us. Investing does not need to be when there is a decline in price but it is also better if we don't waste time and invest right away as long as money is already there.

[OsaiEmma]

Hello guys, just wanted to share a little analysis again.

~snip

From my POV, I think this is d retest I stated earlier in my OP. Although, we are expecting to see d bearish resumption probably a month or 2 from now, cause no reversal signal have been spotted yet across d time-frames, but my guess is, der will be a reversal signal which will take probably a month or 2, before d downward movement resumes, then I think it will bottom at around ~50k, or maybe not, no 1 can accurately call d bottom though.

N/B: This is NFA, it is just a young trader, doing TA, encouraging others to also share der insight and views, I might be 100% wrong here cause, so many speculations are going around dat d bear market have ended, I think otherwise though. Peace ✌🏽

   

From my previous post, I made mention of the reversal signal, although I messed up the timing. But we can see in the monthly chart a reverse hammer, although, there is also one in the weekly as a double top reversal. That is where the reversal started after forming those bearish reversal candlestick formations (don't mind me, I'm a chartist).

We can clearly see that this is a downward trend in the weekly chart, with 2 consecutive LHs(Lower Highs), and LLs (Lower Lows). It failed to break the major resistance and came down and broke the major support in that zone signaling a continuation of the downward trend.

MY PREDICTION: The next LL will be at the 50k zone I marked in the monthly chart. It might go lower, or maybe higher, can't really tell for sure. But that zone is the most likely next stop from my analysis. When we get there, we will have to watch out if it will break the present LL to signal the end of this present bear market, although, that's what I am anticipating.

Disclaimer: This is not a financial advice of any sort, it's just a trader making analysis, mostly for fun. Thank you.

So traders, what are your thoughts and analysis.

[AakZaki]

Nice chart but I don't believe in all these technical analysis anymore because it's not certain that it will play out that way. The market is currently beyond technical analysis because fundamental analysis is superior to technical analysis since the market is controlled by investors sentiment which is how they react to the latest news on media.

It's a mistaken view saying fundamental analysis is superior, only people who can't analyze technicalities will say that.

Take a look at the screenshot that I will share below, for the past three weeks I have not cared about any fundamentals that will happen because I have already predicted and made a pattern of the direction that will happen to Bitcoin.

Here is a screenshot that I posted on another forum on May 10, 2026 ago, I believe that the direction will be as it is in this screenshot.

10-05-2026

02-06-2026

And what happened today 02-06-2026 the pattern seems to follow what I described and follow the pattern I described, regarding the Lower limit that I censored because I know this should not be an example of the price that needs to be followed, it's just that I want to straighten out the incorrect view.

[OsaiEmma]

Nice chart but I don't believe in all these technical analysis anymore because it's not certain that it will play out that way. The market is currently beyond technical analysis because fundamental analysis is superior to technical analysis since the market is controlled by investors sentiment which is how they react to the latest news on media.

It's a mistaken view saying fundamental analysis is superior, only people who can't analyze technicalities will say that.

Take a look at the screenshot that I will share below, for the past three weeks I have not cared about any fundamentals that will happen because I have already predicted and made a pattern of the direction that will happen to Bitcoin.

Here is a screenshot that I posted on another forum on May 10, 2026 ago, I believe that the direction will be as it is in this screenshot.

10-05-2026

02-06-2026

And what happened today 02-06-2026 the pattern seems to follow what I described and follow the pattern I described, regarding the Lower limit that I censored because I know this should not be an example of the price that needs to be followed, it's just that I want to straighten out the incorrect view.

Wow, nice analysis AakZaki, I too don't believe sentimental analysis is superior, but more like a tool used for analysis. Following fundamental analysis/ news blindly without understanding the chart can be counterproductive at times.

When I was heavily vested in forex trading, I made the mistake of trading the news blindly without any TA, it ended badly. Since then, I treat fundamental analysis/ news as just another tool for my analysis.

[AakZaki]

Wow, nice analysis AakZaki, I too don't believe sentimental analysis is superior, but more like a tool used for analysis. Following fundamental analysis/ news blindly without understanding the chart can be counterproductive at times.

-snip-

Over the years I've studied technical analysis, I'd rather see someone talk about technical analysis related to Bitcoin or Altcoin trading, than listen to someone talk nonsense about Bitcoin prices without any basis.

Technical analysis is important that we can detect early related to the direction of the Crypto we are analyzing, while fundamentals are spices that can push prices more aggressively both when falling and when rising.
So both are equally important, we need to master both even if they are not 100% accurate.

Because if someone has never studied both, it can be confirmed that the person is an investor, and always echoes DCA as his mainstay, when in reality they are holding a prolonged floating loss. Lol

[OsaiEmma]

~snip

Because if someone has never studied both, it can be confirmed that the person is an investor, and always echoes DCA as his mainstay, when in reality they are holding a prolonged floating loss. Lol

😂😂 This is so true and right on point. In forex we call them positional traders without stop loss.