BITCOIN TO 98K AND THEN A MASSIVE PULLBACK!
1 extracted signal · 0 resolved · 1 still active
WISDOM BITES - Bitcoin | AI Data Centres | Independent analyst profile- Source published
- 12 Oct 2026, 13:55 UTC
- Recorded by Tahlil Plus
- 12 Oct 2026, 14:33 UTC
AI-generated source summary
The analysis focuses on Bitcoin's (BTC) long-term trajectory, identifying a confirmed bull market with a target of $98,000, potentially sooner than anticipated. Historical cycle analysis, particularly the 60-day cycle, suggests a strong upward bias. The weekly chart shows a bullish continuation pattern, with price action above the 8-week EMA, indicating sustained upward momentum. Key support and resistance levels are identified around $80,000, acting as a pivotal zone. A previous cycle's analysis from 2017 indicated significant volatility and sharp pullbacks, highlighting the potential for similar patterns in the current cycle, possibly a major shakeout before further ascent. The 10-year yields are also noted as a factor influencing market sentiment, with their rise potentially impacting Bitcoin. Current price action shows consolidation, but the overarching trend remains bullish. The analysis draws parallels to historical patterns, suggesting a potential upward trend continuation towards the $98,000 target, with a failure at $77,000 invalidating the bullish short-term outlook. The long-term outlook remains bullish, despite potential short-term volatility and drawdowns.
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WISDOM BITES - Bitcoin | AI Data Centres |
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