Bitcoin's looking positioned to test that $139K level. But here's where it gets interesting—if the rising channel breaks down, don't be shocked to see things accelerate upward quickly. That breakdown could actually open the door for a move all the way up toward $203K as the market rediscovers price equilibrium. The key is watching whether that channel holds or gives way. If support fails, the upside surprise might be exactly what traders aren't expecting right now.
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.
24 Likes
Reward
24
7
Repost
Share
Comment
0/400
InscriptionGriller
· 01-09 11:33
Ha, is it that same "breakout rally" narrative again? Old Ma knows the way, always playing it this way.
Whether it breaks or not, honestly, it all depends on whether funds are entering the market. 139K is just a psychological level to scare people.
203K? Dream on, or are there really big players lurking?
The moment support fails is the best time to cut the leeks; don't be fooled by this technical analysis.
View OriginalReply0
DogeBachelor
· 01-08 15:36
Breakouts often lead to reversals; this move really has the potential to be one.
View OriginalReply0
SmartContractDiver
· 01-06 17:07
If 139K can't be broken, then it has to push higher. I like this logic.
View OriginalReply0
DeadTrades_Walking
· 01-06 17:06
If 139K can't be broken, what should I do? It all feels like nonsense.
View OriginalReply0
DataBartender
· 01-06 16:53
What to do if it breaks at 139K? Just shoot up to 203K? That's way too optimistic of me.
View OriginalReply0
CantAffordPancake
· 01-06 16:53
If 139K can't be broken, then we'll look at 203K, anyway it has to go up
View OriginalReply0
zkProofGremlin
· 01-06 16:45
139K can't be broken? Then let's go straight to 203K. Have you experienced the joy of reverse operation?
Bitcoin's looking positioned to test that $139K level. But here's where it gets interesting—if the rising channel breaks down, don't be shocked to see things accelerate upward quickly. That breakdown could actually open the door for a move all the way up toward $203K as the market rediscovers price equilibrium. The key is watching whether that channel holds or gives way. If support fails, the upside surprise might be exactly what traders aren't expecting right now.