June 18, 2026

BTC: “Was 69k just a false breakout?”

BTC: "Was 69k just a false breakout?"

BTC: "Was 69k just a false breakout?"

BTC: "Was 69k just a false breakout?"

Bitcoin / U.S. dollar BITSTAMP:BTCUSD
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BTC: "Was 69k just a false breakout?"

I believe BTC’s second run up to 69k was a massive false breakout created by an overheated market and it is currently backtesting the breakout zone of a massively bullish symmetrical triangle on 1W.

If this is truly the case and it’s not simply a rising flag it would have price targets of 75.5k and 97k.

What do you all see?

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