BTC Breakout Confirmed on Weekly Chart! TO THE MOON!As anticipated in my earlier analysis, Bitcoin (BTC) continues its powerful bullish trajectory, and now, the weekly chart has officially confirmed this move! 📈
Key Insights from the Chart:
Breakout Above Long-Term Trendline:
BTC has successfully broken above the long-term resistance trendline, a significant indicator of a continued bullish momentum. This breakout confirms a shift in market sentiment, pushing BTC into a fresh phase of price discovery.
Retest of Trendline:
After the breakout, BTC performed a textbook retest of the trendline on the weekly timeframe, validating the breakout as legitimate. This retest further solidifies the foundation for the next leg up.
Approaching Historic Milestone – $100K!
BTC is now approaching the psychological and historical $100,000 level for the first time ever. Breaking this level will not only mark a new all-time high but will also likely attract significant institutional interest, sparking FOMO (Fear of Missing Out) among retail traders.
What to Expect Next?
Continuation of Bullish Momentum:
The recent breakout and retest suggest that BTC has strong momentum and could surpass the $100K mark in the coming weeks. Based on historical patterns and the current trajectory, we may see even higher levels as BTC enters uncharted price territory.
Upside Targets Beyond $100K:
Once $100K is cleared, Fibonacci extensions and historical fractals suggest potential targets of $110K-$120K in the medium term.
Conclusion:
This confirmed breakout and retest on the weekly timeframe are highly bullish signals. With the $100K level within reach, BTC is poised to make history once again. 🚀
What are your thoughts on BTC’s next move? Will it smash through $100K soon? Share your insights in the comment section!
