Everyone Waited For Lower Bitcoin… I Told You So
2 extracted signals · 0 resolved · 2 still active
Merlijn The TraderIndependent analyst profile- Source published
- 21 Aug 2026, 17:45 UTC
- Recorded by Tahlil Plus
- 21 Aug 2026, 18:01 UTC
AI-generated source summary
The analysis highlights historical patterns in Bitcoin and Ethereum, suggesting a potential upward trend based on previous cycles. Bitcoin's 144-day bottom pattern in 2022 and 2026 is noted, similar to previous cycles which were followed by significant gains. The speaker points out the same RSI divergence observed in past bull runs, indicating a potential recovery. The current market is described as having experienced a significant rally for both Bitcoin and Ethereum. Bitcoin is up 229% and Ethereum is up 283% since their respective bottoms. The analysis emphasizes that bottoms are not measured by feelings but by price and time, specifically citing evidence of past bottoms confirmed by price action and momentum. The speaker notes that while many predicted Bitcoin's bottom at $80k, the actual bottom was around $62,500, and for Ethereum, the bottom was around $2,400, not the expected $1,700. The current price action on the 4-hour chart for Bitcoin shows it is nearing resistance at $82,500 and the key support level is around $73,000. A break above the resistance could lead to a rapid rally. Ethereum's short-term support is identified at $2,034, with resistance at $2,407. A break above this resistance could propel Ethereum towards $3,000 and potentially higher, targeting $3,500.
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