BITCOIN 60K SOON?! CAN THE BULLS SMASH RESISTANCE🧐?! /w MDX ALGO(Live)
1 extracted signal · 1 resolved · 0 still active
StuTubeTradingIndependent analyst profile- Source published
- 31 Jul 2026, 01:01 UTC
- Recorded by Tahlil Plus
- 03 Oct 2026, 19:25 UTC
AI-generated source summary
The analysis uses a weekly Bitcoin chart to assess the long-term market structure, referencing past market cycles and the 204-week cycle pattern. The speaker points to a potential bearish trend, suggesting that the market is currently in a bear cycle and that lower prices are expected. The analysis highlights that the 152-week and 204-week cycle patterns observed in previous bull and bear markets have historically resulted in significant price movements. The speaker also notes the 4-year cycle in Bitcoin and suggests that the current market phase, if it follows historical patterns, could indicate the beginning of a new bull market after the current bear market's conclusion. The speaker also uses the liquidation band indicator and Fibonacci retracements to identify potential support and resistance levels. The current price action is seen to be testing a key resistance area, and the speaker believes that a failure to break above this resistance could lead to further downside. The primary thesis is that the market is poised for lower prices in the coming months, based on the cyclical nature of Bitcoin's price action and the current technical indicators. The speaker is personally more bearish on Bitcoin due to these observations, but remains open to the possibility of a bullish reversal if the market breaks key resistance levels.
AI-generated summary based on the source content.
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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.