Hello Traders and Crypto Enthusiasts! 👋
I'm excited to share a detailed analysis of Bitcoin (BTC) on its ongoing bullish structure, maintaining higher highs and higher lows. This chart captures the key support zones, demand areas, and chart patterns that underpin our optimistic outlook. Let’s dive deep into the technical narrative.
Bitcoin continues to respect a clearly defined bullish market structure on the weekly timeframe. The price action has persistently printed higher highs and higher lows, maintaining upward momentum within a dominant ascending channel. This behavior reinforces the ongoing bullish narrative, as buyers have repeatedly stepped in at logical demand zones to defend structure.
The immediate demand zone between $71,300 and $78,300 has acted as a critical launchpad for price. As long as this region holds on a weekly closing basis, the probability of continuation remains elevated.
A clean break above the $109,588 resistance, marking the previous high—would likely act as a technical trigger for further upside acceleration, with the projected price target standing at $140,998. This level is derived from a measured move extension based on prior impulsive legs within the channel, reflecting a symmetrical and organic expansion of market structure. This almost projected same as one of our previous analysis.
Key support remains layered across multiple zones. The internal demand zone around $48,800 to $54,500 represents a structural pivot level. Below that, the extreme support zone near $27,900 and the foundational base zone between $15,500 and $17,765 provide deep support from earlier cycle lows. These levels are unlikely to be revisited unless a significant macro reversal occurs, something not currently evidenced in the chart.
The preservation of trendline support, coupled with repeated bullish rejections from higher lows, confirms that market psychology remains tilted in favor of the bulls. Sellers have yet to invalidate any critical higher low, indicating the uptrend is not only intact but maturing toward another expansion phase with potential ending diagonal in view.
With the current projection and structural alignment, the bullish thesis remains valid as long as Bitcoin sustains weekly closes above the $78,300 zone. A failure to hold that level could lead to a re-evaluation of this outlook. Until then, structure governs sentiment and right now, the structure is still decisively bullish.
Stay disciplined, manage your risk, and watch for confirmation signals as Bitcoin continues its upward journey. 🚀
Let's keep the discussion alive — share your thoughts, setups, and predictions below!
I'm excited to share a detailed analysis of Bitcoin (BTC) on its ongoing bullish structure, maintaining higher highs and higher lows. This chart captures the key support zones, demand areas, and chart patterns that underpin our optimistic outlook. Let’s dive deep into the technical narrative.
Bitcoin continues to respect a clearly defined bullish market structure on the weekly timeframe. The price action has persistently printed higher highs and higher lows, maintaining upward momentum within a dominant ascending channel. This behavior reinforces the ongoing bullish narrative, as buyers have repeatedly stepped in at logical demand zones to defend structure.
The immediate demand zone between $71,300 and $78,300 has acted as a critical launchpad for price. As long as this region holds on a weekly closing basis, the probability of continuation remains elevated.
A clean break above the $109,588 resistance, marking the previous high—would likely act as a technical trigger for further upside acceleration, with the projected price target standing at $140,998. This level is derived from a measured move extension based on prior impulsive legs within the channel, reflecting a symmetrical and organic expansion of market structure. This almost projected same as one of our previous analysis.
Key support remains layered across multiple zones. The internal demand zone around $48,800 to $54,500 represents a structural pivot level. Below that, the extreme support zone near $27,900 and the foundational base zone between $15,500 and $17,765 provide deep support from earlier cycle lows. These levels are unlikely to be revisited unless a significant macro reversal occurs, something not currently evidenced in the chart.
The preservation of trendline support, coupled with repeated bullish rejections from higher lows, confirms that market psychology remains tilted in favor of the bulls. Sellers have yet to invalidate any critical higher low, indicating the uptrend is not only intact but maturing toward another expansion phase with potential ending diagonal in view.
With the current projection and structural alignment, the bullish thesis remains valid as long as Bitcoin sustains weekly closes above the $78,300 zone. A failure to hold that level could lead to a re-evaluation of this outlook. Until then, structure governs sentiment and right now, the structure is still decisively bullish.
Stay disciplined, manage your risk, and watch for confirmation signals as Bitcoin continues its upward journey. 🚀
Let's keep the discussion alive — share your thoughts, setups, and predictions below!
Trade active
Price still going well as expectedNote
We need to pay close attention to the previous ATH, if this zone got price rejected then it will follow this drop pattern and if price manage to break it we head for 140k area.
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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.
📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
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.