BITCOIN JUST BROKE SUPPORT: THIS IS DANGEROUS!!!!
1 extracted signal · 0 resolved · 1 still active
CryptoJackIndependent analyst profile- Source published
- 29 Aug 2026, 05:57 UTC
- Recorded by Tahlil Plus
- 29 Aug 2026, 17:02 UTC
AI-generated source summary
The analysis focuses on Bitcoin's price action on the 4-hour chart, identifying a bearish divergence on the RSI as price makes higher highs. The speaker highlights Bitcoin's failure to break above the $81,000 level and subsequent rejection from the ascending channel resistance. The 50-week moving average on the weekly chart also acts as a resistance. The current price is around $77,644, with a short-term target of $73,900 and a more significant downside target at $40,000. The failure bound for the bearish short-term target is identified at $82,873, and for the longer-term target, it is considered to be around $83,000. The speaker also points to a potential cycle bottom in October or November, aligning with historical patterns, but emphasizes the current weakness shown by the RSI and the price being below key moving averages.
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CryptoJack
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Tahlil Plus independently records and evaluates public market predictions. Extraction may be AI-assisted and results follow the Tahlil Plus methodology. This information is not financial advice.