Technical Overview
Bitcoin has had a strong week, closing above the $105,000 level on the weekly chart — a clearly bullish signal. Below is a breakdown of the most relevant insights across multiple timeframes.
Multi-Timeframe Analysis
1W (Weekly):
Price has broken out again after bouncing off the SmartTrend indicator support zone.
It remains above the visible volume area (VRVP) around $68,000–$72,000, confirming this region as a key support.
Currently testing the Fibonacci resistance zone between $96,000 and $109,000.
Weekly volume shows increasing buying pressure.
1M (Monthly):
A breakout above the historical resistance near $69,000 has been confirmed.
The current monthly candle shows a wide body surpassing previous closes, indicating strong bullish intent.
Volume remains relevant, although not yet at historical highs.
3M (Quarterly):
The macro structure continues to show a strong bullish trend.
The current candle has a solid body with an active upper wick, suggesting potential for continuation unless a clear rejection appears.
Quarterly volume supports the upward trend.
Key Levels
Major Support: $68,000 – $72,000
Previous Accumulation Zone: $28,000 – $32,000
Fibonacci Resistance Zone: $96,000 – $109,000
Next Speculative Target: $115,000 – $120,000 (if breakout is confirmed with volume)
Disclaimer:
This analysis is strictly for informational and educational purposes. It does not constitute financial advice or an investment recommendation. The cryptocurrency market is highly volatile — trade at your own discretion and risk management.
Bitcoin has had a strong week, closing above the $105,000 level on the weekly chart — a clearly bullish signal. Below is a breakdown of the most relevant insights across multiple timeframes.
Multi-Timeframe Analysis
1W (Weekly):
Price has broken out again after bouncing off the SmartTrend indicator support zone.
It remains above the visible volume area (VRVP) around $68,000–$72,000, confirming this region as a key support.
Currently testing the Fibonacci resistance zone between $96,000 and $109,000.
Weekly volume shows increasing buying pressure.
1M (Monthly):
A breakout above the historical resistance near $69,000 has been confirmed.
The current monthly candle shows a wide body surpassing previous closes, indicating strong bullish intent.
Volume remains relevant, although not yet at historical highs.
3M (Quarterly):
The macro structure continues to show a strong bullish trend.
The current candle has a solid body with an active upper wick, suggesting potential for continuation unless a clear rejection appears.
Quarterly volume supports the upward trend.
Key Levels
Major Support: $68,000 – $72,000
Previous Accumulation Zone: $28,000 – $32,000
Fibonacci Resistance Zone: $96,000 – $109,000
Next Speculative Target: $115,000 – $120,000 (if breakout is confirmed with volume)
Disclaimer:
This analysis is strictly for informational and educational purposes. It does not constitute financial advice or an investment recommendation. The cryptocurrency market is highly volatile — trade at your own discretion and risk management.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join my trading community on Discord! 📈 Use all our indicators for FREE
discord.gg/xPEDcNEupw
discord.gg/xPEDcNEupw
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.