BITCOIN: This Is NOT What It Seems (LOOK CLOSER!)
1 extracted signal · 0 resolved · 1 still active
Wolves of CryptoIndependent analyst profile- Source published
- 03 Oct 2026, 08:04 UTC
- Recorded by Tahlil Plus
- 03 Oct 2026, 11:09 UTC
AI-generated source summary
The market is currently in an ascending wedge formation on the 1-hour chart, which is a bearish pattern indicating a potential downward movement. This is further supported by a bearish divergence on the daily RSI, showing higher highs on price but lower highs on the oscillator. The price is currently trading around 84,595, just below a significant resistance zone between 84,500 and 88,000. While there's a possibility of a short-term bounce from the ascending wedge, the overall bearish signals suggest a pullback is more likely. A clear break below 83,000 would confirm the bearish outlook, with a potential target around 78,000. On longer timeframes, the price remains above key support levels, but the immediate bearish patterns on shorter timeframes warrant caution. The overall sentiment appears to be cautious with increasing bearish signals on shorter timeframes despite the long-term bullish trend.
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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.