Gargoyle|Sep 01, 2026 08:17
bitcoin:native WILL NOT REACH $50K!
Take a close look at this chart
This Ascending Channel has been guiding Bitcoin’s price since 2013
It has been broken to the upside before - but never to the downside
And as you can see, this cycle is no exception
Yes, price came extremely close to the lowest possible point at $56K - but it still bounced
Now we’re seeing a strong reaction from the lower trendline, and in my opinion, bitcoin:native is NOT breaking below it
The only thing that could happen is one more touch of the lower trendline, which would put us around $62K
BOTTOM IS IN
And the only reason most people still believe bitcoin:native will return to $56K is because they missed their chance to buy it there
Don’t chase the crowd
DYOR!(Gargoyle)
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