BTC is setting up a potential bullish 3-bar reversal pattern on the weekly timeframe. This classic technical formation typically appears when the market establishes a lower low followed by a higher low, then breaks above the previous resistance level. Traders are watching closely as Bitcoin approaches a critical juncture—a confirmed breakout could signal renewed upside momentum in the coming weeks. The weekly chart structure matters here; if price holds above key support levels, we might see acceleration higher. Worth monitoring for confirmation candles and volume follow-through on the break.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
BTC is setting up a potential bullish 3-bar reversal pattern on the weekly timeframe. This classic technical formation typically appears when the market establishes a lower low followed by a higher low, then breaks above the previous resistance level. Traders are watching closely as Bitcoin approaches a critical juncture—a confirmed breakout could signal renewed upside momentum in the coming weeks. The weekly chart structure matters here; if price holds above key support levels, we might see acceleration higher. Worth monitoring for confirmation candles and volume follow-through on the break.