Bitcoin Bears Fell For The Manipulation… Now They’ll Chase The Next Move
1 extracted signal · 0 resolved · 1 still active
Merlijn The TraderIndependent analyst profile- Source published
- 24 Aug 2026, 16:15 UTC
- Recorded by Tahlil Plus
- 24 Aug 2026, 18:13 UTC
AI-generated source summary
The analysis focuses on Bitcoin's price action, highlighting its historical performance patterns and potential future movements. The presenter draws parallels between past market cycles, specifically mentioning the 2017, 2021, and a projected 2025 cycle, suggesting a repeating historical pattern. The inverse head and shoulders pattern on Bitcoin is identified as a key bullish signal, indicating a potential continuation of an uptrend. Key support levels, particularly around $64,000 and $58,000, are identified as crucial for maintaining the bullish thesis. The video also touches upon the significance of the 100-day Simple Moving Average (SMA) as a dynamic support/resistance level. Recent price action shows Bitcoin breaking above a significant resistance zone, aiming for higher targets. The presenter references favorable funding rates on platforms like Kalshi as a positive indicator. The analysis suggests that while bears were trapped in previous cycles, the current market sentiment is shifting, with potential for further upside towards the $82,500-$86,000 range, contingent on holding key support levels like $75,000.
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Merlijn The Trader
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