BITCOIN SQUEEZEE ???
2025-01-25
Category: None

Bitcoin in a "squeeze" position currently despite huge volatility in the past few days and overall consolidation structure (Broader Rectangle R1) on the D1 TF. 

What will become of it after a breakout?

Notable patterns with likely targets/PO to the upside  in a "Triple" Breakout scenario..
1. Symmetrical triangle - 115,000
2. Rectangle (R2) - 112,800
3. Ascending Channel
4. Bullish Pennant - 125,500
5. Bullish Rectangle (R1) - 125,500

**Both Pennant and Rectangle Price Objectives (PO) coincide with the PO for Cup and Handle Pattern on the W1 pattern.

Breaking down the structure (Symmetrical triangle and Rectangle R2) in a continued consolidation on the D1 TF we could see Price Action revisit levels 
1. Rectangle (R2) - 99,500
2. Symmetrical T  - 92,500
3. Rectangle (R1) -  90,000

*Summary 
Bulls are favored.