Laszlo Hanyecz’s Bitcointalk post became one of Bitcoin’s first real-world transactions. Today, that 10,000 BTC would be worth over $767M.
Ethereum on the weekly timeframe is showing a massive long-term ascending triangle structure that has been developing for more than 1800 days. This pattern reflects strong macro accumulation, with price consistently printing higher lows while facing heavy resistance near the $4.5K–$4.8K zone.
The ascending support trendline continues to hold firmly, suggesting buyers are stepping in at increasingly higher prices. Historically, long-duration triangle formations often lead to explosive breakouts once resistance is cleared.
Key levels to watch:
- Major Resistance: $4,500 – $4,800
- Accumulation Zone: $1,700 – $1,900
- Macro Support Trendline: Rising weekly support since 2020
Current price action suggests ETH may be completing another higher low before attempting a breakout toward the upper boundary of the triangle. If bulls reclaim the resistance zone with strong weekly confirmation and volume, the measured move projection could open the path toward the $7K–$9K region over the longer term.
On the weekly chart of Bitcoin (BTCUSDT), price structure is beginning to mirror the 2022 bottoming formation.
In the previous cycle, BTC printed a lower low in price while the RSI formed a higher low, creating a clear bullish divergence. That shift in momentum marked the end of the downtrend and the start of a sustained rally.
The current structure is shaping up in a very similar way:
- Price is consolidating after a correction and may still dip slightly to form a lower low within the range.
- RSI is already showing strength, holding higher levels and curling upward—suggesting a higher low is forming.
This divergence indicates that selling pressure is fading, even if price makes one more marginal push down. If confirmed, this setup could signal the early stages of another bullish expansion phase.
Key idea: Lower low on price + higher low on RSI = bullish divergence, just like 2022.
Conclusion:
The weekly structure on Bitcoin is approaching a key inflection point. If price completes a marginal lower low while RSI holds a higher low, the resulting bullish divergence would closely mirror the 2022 bottoming pattern.
This would suggest weakening downside momentum and increase the probability of a trend continuation to the upside. However, confirmation is still required until then, this remains a developing setup rather than a completed signal.
BTCUSDT is approaching a major decision zone on the daily timeframe.
Price has rallied back into the Fibonacci Golden Zone between the 0.5 level ($78.9K) and 0.618 level ($83.4K), while also testing the 200 EMA resistance overhead. This area has historically acted as a strong rejection zone, and current price action is showing signs of exhaustion.
The chart also aligns with a high-volume resistance region on the Volume Profile, adding further confluence for a potential bearish reaction.
Key Points:
• Rejection forming inside the Fib Golden Zone
• 200 EMA acting as dynamic resistance
• Volume Profile shows heavy supply around current levels
• Lower high structure still intact on the daily chart
As long as BTC remains below the 200 EMA and fails to reclaim the Golden Zone decisively, the probability favors a downside move toward the mid-$60K region.
• Resistance: $84K
• Support: $72K – $67K – $60K
Bitcoin is currently trading inside a well-defined ascending channel on the 4H timeframe, consistently respecting both trendlines with multiple higher highs and higher lows.
Recently, price tapped the upper boundary of the channel and faced strong rejection, followed by a sharp move back toward the mid-range. The current structure shows weakening bullish momentum as price struggles to hold above the channel support.
A potential breakdown scenario is forming:
- Price is testing the lower trendline support
- Multiple rejections from the upper boundary indicate seller pressure
- Current candle shows bearish intent near support (circled area)
Key Levels:
- Resistance: 79,000 – 80,000 zone (channel top)
- Support: 77,500 (channel base)
- Breakdown confirmation below support could trigger a move toward 66,000 – 65,800 region
Trade Idea:
-Bearish bias if price breaks and closes below channel support
- Target: Lower demand zone (~65K region)
- Invalidation: Strong reclaim and hold above 79K
Conclusion:
As long as BTC remains inside the channel, structure is bullish. However, a confirmed breakdown could shift momentum to the downside, offering a high-probability short opportunity.