Bitcoin’s playing a high-stakes game of Jenga with its price, teetering at the edge of a triangle pattern. Will it crash down to $60K or rocket to $80K? Honestly, I’d bet on the “crash” because who doesn’t love a good financial freefall? But hey, maybe this time it’ll surprise us. Maybe.
$BTC in an Ascending Triangle? Please, It’s More Like a Comedic Fail Reel
Let’s be real: the “ascending triangle” is just crypto’s version of a reality TV show. It looks bullish, but we’ve seen this dance before-and it’s usually followed by a sad trombone sound effect. The fakeout at the start? Classic. But hey, at least the candle bodies are holding up… or are they? Who knows, it’s crypto!
If this thing breaks out, it’ll probably do it right before the weekend because nothing says “confidence” like a last-minute Hail Mary. But will it bounce off that bottom trendline? Only time will tell-or maybe not, because time is just a concept here.
Consolidation? More Like Crypto’s Midlife Crisis
The daily chart shows Bitcoin sulking in an ascending triangle after its dramatic bear flag plunge. Remember that 32% drop in 9 days? That was less “market correction” and more “I’m throwing a tantrum.” And that prior 25% dip? Nine weeks of consolidation later, and we’re still waiting for a plot twist. Maybe this triangle will turn into another bear flag? Sure. Why not? Let’s add drama!
Stochastic RSI is rolling over like a toddler spitting out broccoli (not a good sign for bulls), but MACD is flexing its green bars like it’s at a crypto gym. Let’s just say the indicators are having a very adult disagreement.
Thou Shalt Not Pass? More Like Thou Shalt Not Panic
Bitcoin’s currently flirting with the $69K support level, which is basically its emotional support number from 2021. But it’s only Tuesday! Plenty of time for a comeback by Friday-just like your ex’s Instagram post on a Monday. If it closes below $69K, the bulls get a participation trophy, but $60K is still the backup plan. Combine that with the 200-week SMA, and suddenly we’re in a “Thou shalt not pass!” movie quote moment. Cue dramatic music.
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2026-02-17 13:26