{"id":41038,"date":"2026-04-15T09:15:34","date_gmt":"2026-04-15T09:15:34","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=41038"},"modified":"2026-04-15T09:15:34","modified_gmt":"2026-04-15T09:15:34","slug":"crypto-analyst-says-bitcoin-flashing-bullish-reversal-setup-outlines-key-level-for-btc-breakout","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=41038","title":{"rendered":"Crypto Analyst Says Bitcoin Flashing Bullish Reversal Setup, Outlines Key Level for BTC Breakout"},"content":{"rendered":"

\"\"<\/p>\n

A widely followed crypto analyst says that Bitcoin (BTC<\/a>) could be printing a massive bullish reversal pattern.<\/p>\n

The pseudonymous trader Cheds tells<\/a> his 372,300 followers on X that Bitcoin may be forming a rare head-and-shoulders pattern that marks the end of a correction.<\/p>\n

\u201cBTC bullish hopium \u2013 compound fulcrum bottom forming on daily.\u201d<\/em><\/p>\n

\"Image\"
Source: Cheds\/X<\/figcaption><\/figure>\n

In technical analysis<\/a>, a compound fulcrum bottom is a reversal trend when a head-and-shoulders complex pattern forms, having multiple heads or multiple shoulders, after a sustained downtrend.<\/p>\n

Legendary trader Peter Brandt has highlighted the compound fulcrum bottom in various historical charts, including copper in the 1970s that led to a doubling of the metal\u2019s value over 14 months.<\/p>\n

Cheds also predicts<\/a> that Bitcoin will have a massive breakout if it can convincing flip $76,000 into support, a level that last acted as resistance in March.<\/p>\n

\u201cBTC $74,500 and pushing toward range peak. Breakout at $76,000.\u201d<\/em><\/p>\n

\"Image\"
Source: Cheds\/X<\/figcaption><\/figure>\n

Bitcoin is trading at $74,527 at time of writing, flat on the day.<\/p>\n

Next up, the analyst says<\/a> that Ethereum \u00a0may enter a bullish trend if it can break through resistance at $2,400, a level ETH<\/a> rallied toward last month before correcting.<\/p>\n

\u201cETH now working on broader range breakout circa $2,400.\u201d<\/em><\/p>\n

\"Image\"
Source: Cheds\/X<\/figcaption><\/figure>\n

Ethereum is trading at $2,331 at time of writing, down 1.4% in the last 24 hours.<\/p>\n

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

Generated Image: Midjourney<\/p>\n

The post Crypto Analyst Says Bitcoin Flashing Bullish Reversal Setup, Outlines Key Level for BTC Breakout<\/a> appeared first on The Daily Hodl<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

A widely followed crypto analyst says that Bitcoin (BTC) could be printing a massive bullish reversal pattern. The pseudonymous trader Cheds tells his 372,300 followers on X that Bitcoin may be forming a rare head-and-shoulders pattern that marks the end of a correction. \u201cBTC bullish hopium \u2013 compound fulcrum bottom forming on daily.\u201d Source: Cheds\/X […]<\/p>\n","protected":false},"author":1,"featured_media":41039,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[45],"tags":[],"class_list":{"0":"post-41038","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"yoast_head":"\nCrypto Analyst Says Bitcoin Flashing Bullish Reversal Setup, Outlines Key Level for BTC Breakout - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=41038\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Analyst Says Bitcoin Flashing Bullish Reversal Setup, Outlines Key Level for BTC Breakout - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"A widely followed crypto analyst says that Bitcoin (BTC) could be printing a massive bullish reversal pattern. 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