Why is everyone partying now like it's not even a Head & Shoulders pattern. The shoulder support is 90,700. Resistance is 94,750. 95,000 to be fair for a good resistance break, 99,000 to confirm a break. Upper band of the head and shoulder could easily pushup to 105,000 though and a bearish head and shoulders would still be fully intact.
The only way the head & shoulders fully breaks suite is if we set new ATHs at 130,000 at this point.
Why is everyone celebrating like the bear market cycle is over? June 2026 Put options are trading at very steep discounts right now – down 60% from a month ago.
This irrationality makes no sense. Unless I'm missing an obvious sign that Bitcoin is destined to go to $1,000,000 by the end of the year? I don't see ANYTHING different than every single previous 4 year cycle at this point, though. The charts look the same. Just 3 months ahead of time thanks to ETF news.
Premature celebrations all over the place?
byu/f00dl3 inCryptoMarkets
Posted by f00dl3
2 Comments
Look, I don’t do that anymore. I mean I never did.
OP, if you’re “premature celebrating”, can I suggest tantra?
Or at least sock if it’s going all over the place.