$WAX
Sudden SpikeSnapshot Window: 2026-08-29 15:50 UTC ยท โ Back to Crypto Overview
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Verbatim Community Citations & Social Evidence 1 source posts analyzed
We hadn't done a Bitcoin Gann fan analysis in a long time. Let me start with a brief explanation. First, I looked at it linearly. The linear fan I drew from the top still showed BTC within a large falling geometry. The result came out a bit harsh and misleading. Because BTC
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AI visual note: A Bitcoin/USDT (Binance) daily chart showing a Gann fan analysis with multiple fan lines (1/8, 1/4, 1/3, 1/2, etc.) radiating from the late 2024 all-time high near $108,000, currently priced at 77,463.87 (-10.32%), with a downward-sloping pink channel and the RSI indicator at 66.04 in the lower panel. The chart visually illustrates the post's point about linear Gann fan analysis being "harsh and misleading," as BTC's recent bounce within the falling geometry suggests a more nuanced (likely logarithmic) interpretation may be needed.