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Three technical signals — a double-bottom chart pattern, a weekly RSI divergence, and whale-wallet flows — have traders watching $BTC closely as the asset tests what analysts describe as a key breakout zone.
The convergence has revived talk of a $100K price target before October, though the charts that put that number in circulation deserve some unpacking before anyone acts on them.
What the Chart Patterns Actually Say A double-bottom is a technical formation where an asset's price falls to a low, bounces, retreats to roughly the same low again, then turns higher — resembling the letter "W" on a price chart.
Traders treat it as a potential reversal signal, the theory being that sellers tried twice to push the price lower and failed both times.
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