$SMDRF
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Verbatim Community Citations & Social Evidence 1 source posts analyzed
Bitcoin $BTC rejected off of the 60 week moving average today, falling to $81,667 If this continues, this will be the 1st time the 364 day bottoming pattern has failed since 2011.
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AI visual note: The image displays a Bitcoin ($BTC) technical analysis chart on a weekly timeframe, featuring a 364-day simple moving average and highlighting a potential "Spinning Top Candlestick Pattern" at the top. Key annotations mark the "End of March 2022" with a red arrow and an "Oct 5" point with a yellow arrow, while a note explains that the pattern would print today's ATH as the 8th of October 2025 if validated. The chart visually supports the post's concern by showing BTC's recent rejection off the 60-week moving average near $87,668 and subsequent drop to $81,667, suggesting a potential failure of the historical bottoming pattern.