Bitcoin’s Butterworth Bellow: Are the Bulls or the Bears on the Eve of a Grand Misstep?

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On a Sunday that would have seemed perfectly ordinary had it not involved the perplexing metamorphosis of
the Bitcoin zero. The unit of account, which has a habit of flirting with the grandiose vying for a
$69,000 tag, finally slipped underneath that threshold. The sliding was, candidly, not as graceful as one
might imagine, but the price seems almost coyly circling this level with an almost aristocratic flirtation.
The Instagram-worthy breakout pattern – only a humble triangle – has emerged in that digital ledger.’,
a pattern that could very well lift Bitcoin, if it dare, to $82,000, or crash it to an existential
$57,000. The style is, as always, somewhere between the “so-sure-sincere” and the
“apparently ridiculous.”

When Triangles Walk into a Bar

As one would observe in the great financial bazaars of old England, the short‑term chart shows a
little dip below the petticoat of $69,000. Careful attention to candle causality
tells us this might be a resistance line; the candles are falling short, but the larger wheat
field of higher‑time‑frames still clings to it like a lover to a waistcoat.

The green triangle at the centre of the chart has at least three touches to the wretched heart of it
– both edges. The first glance, if one were a reckless romantic, would read bullish and flat‑ticket
inevitable. Yet one cannot ignore that the apex is inclined, which suggests a modest wedge, the more sober
cousin of bold ascendancy.

The part that matters is that this shape, in essence, appears to be flowering away from ugliness:
a bullish forecast. The arithmetic provides a target of $82,000 if it ever expands to new dimensions;
a hearty ruin to $57,000 if it concedes to despair. A CME gap lingers at $84,600, a reminder that
markets love to keep their promises… and to break them, in the brilliant irony of finance.

Curious Tomorrows: One Way or the Other?

The daily chart prudently demonstrates how the bottom trendline of the wily wedge, now enframed in
green, has taken on the role of resistance for Bitcoin, just as the top trendline of that triangle has
become an invisible wall. Only a fortnight of such days is left before a decisive exodus in either
direction breaks the bubble.

Should the venerable support remain gracious, the markets seem to incline toward the blooming
sunshine. This scenario, while a leap of faith, looks more likely than a distressed retreat. Yet the
bearish half‑airy spin is still in play; a standard duel of data points.

A (low) Stochastic RSI reaches a full crest, hinting sadly at a reversal, should it pass this dramatic
peak. The noisy MACD, at the bottom of the chart, shows a crossing favouring joy, where a handful of
green bars creep into the histogram-an almost whispered promise that the bullish case may nail the
board.

The Support That Holds… In an Elegant Minor Resignation

From a weekly perspective, the same indicators allow one to see that Bitcoin hunkers down at the great
support level. Two previous weekly candles have spent the afternoon in “whisper mode” as their wicks
stumbled below, but their bodies have closed just above. A downside to $65,000 or $60,000 remains
plausible-perhaps a diluted pastry that is only theatrically close enough. The $53,000 signal is shown
because it may be measured out of a bear flag that has several colours and the same patience
Waughian sarcasm.

The Stochastic RSI is appearing to reclaim its composure, awaiting an imminent slide back up; the
MACD remains penniless and might have finally clicked on the right side of the histogram, turning a
stunned pink to a hopeful green.

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2026-02-16 14:54