The Last Samurai Battle to Save Bitcoin
SIXSIGNAL View | Analysis and opinion by Ali Mirzaei
Financial markets analyst at Burj Alwasl
Published: 7 September 2026
This article presents my own interpretation and scenarios based on the two supplied charts. It is not a live price report. Figures in the text are approximate and all prices are in US dollars. The screenshots’ capture date has not been established.
$80,000: the main battleground
In the chart I am examining, Bitcoin has reached the crucial $80,000 area. I see this as one of the most sensitive battles between buyers and sellers. Can buyers overcome this barrier and build a fresh upward move, or is the recovery merely a pause within a larger decline?
On the weekly chart, the advance began around $15,000 and reached approximately $121,000. Price then fell toward $80,000, paused and rebounded, before continuing lower. That structure is the foundation of my two competing scenarios.
Scenario one: head and shoulders and the risk of further losses
If I interpret this structure as a head-and-shoulders pattern, the distance from the peak to the neckline offers a framework for assessing further downside. In my estimate, the $35,000 area is one bearish objective in this scenario—not a certain outcome or a level the market must reach.
My more serious warning arises if Bitcoin fails to overcome $80,000 and returns toward $63,000. Within my framework, the rebound could then be interpreted as a pullback to the neckline. Merely touching $63,000 does not confirm a breakdown; a break and sustained weakness beneath it would strengthen my bearish scenario.
In my reading of this structure, I do not see a convincing support line around $44,000. If selling persists and intermediate supports fail to hold, my more severe scenario is a return toward $15,000 and a retest of the previous low. This is a conditional, high-risk scenario, not an inevitable consequence of touching $63,000.
Scenario two: breaking $80,000 and starting a new wave
What if Bitcoin does not follow the head-and-shoulders structure? In my interpretation of MACD and RSI, divergence signals could favour the buyers’ attempt to clear $80,000. Divergence alone is not sufficient confirmation: price behaviour remains decisive.
If Bitcoin establishes itself above the $80,000 area and sustains the breakout, I can consider the possibility that this pause has ended and a new upward wave has begun. The $120,000 and $150,000 areas are on my roadmap. My Fibonacci estimate also identifies $134,000 as an intermediate objective. Using a larger wave extension, my more distant scenario reaches as high as $220,000—a longer-horizon, highly conditional target rather than a certain forecast.
The monthly view: the same battle on a larger scale
On the monthly timeframe, my interpretation is that Bitcoin is experiencing the first pause in this part of the move within the $60,000–$80,000 area. My reading of monthly MACD and RSI also highlights the importance of this decision zone.
A downside break of $63,000 followed by persistent weakness would give greater weight, within my model, to the deeper bearish scenario toward $15,000. Conversely, a sustained break above the upper boundary of this pause could indicate that the correction is ending and the upward trend is resuming. The second image is described as monthly according to my explanation; its timeframe label is cropped and cannot be seen.
My conclusion: I take the warning seriously
Bitcoin sits between two competing structures. For that reason, I do not believe the next direction can yet be chosen with certainty. In my analytical method, the larger structure takes priority. I therefore do not dismiss the weekly head-and-shoulders interpretation or the risk of a substantial decline.
My main reference remains price behaviour around $80,000 and $63,000. A break and sustained position above $80,000 would open the door to the bullish scenario. Failure to clear it and a return toward $63,000 would be a warning; a downside break could increase the risk of a deeper Bitcoin decline and pressure on other cryptocurrencies.
This is what I mean by “The Last Samurai Battle to Save Bitcoin”: a battle whose outcome remains undecided, but whose bearish side I believe should not be ignored.
Charts and numerical estimates
Image source: TradingView charts supplied by Ali Mirzaei, with their original markings and levels retained. The first chart is weekly; the second is monthly according to the analyst. Chart labels are more precise than the rounded figures in the text. The $35,000 objective is the author’s personal estimate. Exact Fibonacci anchor points were not supplied, so the Fibonacci targets are not independently verified calculations.
Risk note
This is personal, educational analysis, not personalised investment advice or a guarantee of returns. No target is certain. Timing, position size, loss limits and invalidation conditions require independent assessment before any decision.
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