Bitcoin is showing a possible double-bottom setup on the higher timeframe, but short-term liquidity still points to a possible rejection near $63,200. If BTC clears stops above that level and fails to hold, the move could turn into another pullback before any bigger Q4 breakout attempt.
Bitcoin Double Bottom Setup Points to Possible Q4 Breakout
Bitcoin may be forming a double bottom on the 3-day chart, with one analyst saying a move above $100,000 in Q4 could trigger heavy FOMO and panic buying.
BTC/USD 3-day chart. Source: SuperBro on X, TradingView
The chart shows BTC attempting to form a second bottom near the same support area that held earlier in the year. This structure can signal that sellers are losing momentum if buyers defend the second low.
The key resistance area sits near $82,000. A move back above that level would strengthen the double bottom setup and suggest BTC is moving out of its current bearish structure.
The projected path then points toward the $108,000 area. That would mark a major breakout if BTC can clear the neckline and build momentum into Q4.
The RSI also shows a possible bullish divergence, with price pressing near lows while momentum holds a higher structure. That adds support to the reversal case, though confirmation is still needed.
For now, the setup depends on whether Bitcoin can hold the current support area and reclaim the $82,000 zone. If that happens, the chart suggests a larger move toward six figures could come back into focus.
Bitcoin Liquidity Sweep Could Trigger $63K Rejection
Bitcoin is pushing into upside liquidity as short positions come under pressure, but one analyst says the move may still end with a rejection above $63,000. If BTC clears stops near $63,200 and fails to hold, the next pullback could send price back below $60,000.
BTC liquidation heatmap. Source: Kaz on X, Coinglass
The chart shows Bitcoin moving toward a cluster of upside liquidity, with several liquidation levels stacked above the current range.
According to Kaz, price is clearing upside liquidity and forcing shorts out of the market. The analyst said there are still many stops placed above $63,200, which could be taken before a reversal begins.
That makes the $63,000-$63,200 area the key zone to watch. A move into that range could trigger more stop losses and create a final upside sweep before sellers step back in.
However, the analyst does not see the move as a clean bullish breakout yet. Instead, Kaz expects Bitcoin to reject after the liquidity sweep and pull back toward sub-$60,000 levels.
The weekend could add more volatility. Kaz said unusual price action is possible, and he is watching for a short-term scalp short above $63,000 if the setup develops.
For now, the chart points to a liquidity-driven move rather than a confirmed trend reversal. If BTC clears $63,200 but fails to hold above it, the rebound could quickly turn into another pullback.
