TL;DR 🕶️
- Bitcoin’s charts are doing the Macarena with an inverse head and shoulders pattern, and it’s holding steady near $115K like a champ. 🕺💹
- Futures sentiment index finally stopped sulking after five bearish days-looks like Bitcoin’s got its groove back! 😎📈
- Price is chilling between $112K-$124K, but technical patterns say, “Hold my beer, we’re going up!” 🍻🚀
Double-Bottom: Bitcoin’s Favorite Dance Move 🕺💃
Bitcoin’s at it again with another double-bottom pattern, according to ZYN. Last time it did this, prices went on a wild bender-50% up in April and 25% in June. 🥳📊
In April, BTC went from $86K to $125K faster than you can say “HODL.” June? Another 25% jump from $100K back to $125K. If history repeats, we’re looking at $127K before Q3 says “bye-bye.” 📅💸
$BTC double-bottom just printed. 🎨
April: +50% pump. 🚀
June: +25% rally. 🏎️Even half that move now sends Bitcoin above $127K before Q3 ends. This isn’t a chart pattern, it’s a rocket launchpad. 🚀🌕
– ZYN (@Zynweb3) August 22, 2025
The latest double-bottom is forming near $112K-Bitcoin dipped on Friday but bounced back like a rubber chicken. So far, it’s hanging out between $112K and $124K, taking a breather after its recent rollercoaster ride. 🎢😅
Inverse Head and Shoulders: Bitcoin’s Fancy Footwork 🕺👑
Merlijn The Trader spotted Bitcoin pulling off an inverse head-and-shoulders move. Left shoulder in December 2024, head in April 2025 near $70K, and right shoulder in June 2025. It’s like Bitcoin’s doing yoga on the charts. 🧘♂️📉
The neckline’s been broken and retested near $113K-it’s holding strong, confirming the breakout. If this keeps up, we’re in for a wild ride to higher highs. Buckle up, buttercup! 🎢🚀
Futures Market Sentiment: From Grumpy to Groovy 😠→😎
CryptoQuant’s Darkfost says BTC futures sentiment is back in the green after five days of frowning. The sentiment index-a mix of net taker flows, open interest, and long/short volumes-shows the bears are taking a nap. 🐻😴
Back in early August, sentiment did a similar flip-flop, and prices rebounded like a trampoline. This time, the bounce from -0.7 says the bears are out of steam. Time to dance on their graves? 💃🪦
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2025-08-24 14:39