Btcusd weekly chart (btcusd)Alternative (Bullish) Analysis
1. Potential Continuation Above Resistance (95,300)
The current analysis assumes rejection at 95,300 and a drop toward 78,118. However, a strong breakout above 95,300 could trigger a rally toward 100,000 or higher.
If Bitcoin consolidates above 95,300, it may act as a new support, rather than a rejection zone.
2. Volume Confirmation on the Breakout
The price surged significantly (+9.09%), suggesting strong bullish momentum.
Instead of expecting an immediate rejection, watch for high volume confirming a potential continuation upward.
3. Higher Low Formation Instead of a Drop
The chart expects a fall back to 78,118, but the price may form a higher low around 85,000 – 88,000 before resuming the uptrend.
A retracement to this range (not all the way down to 78,118) would still be healthy in a bull market.
4. Market Sentiment Shift
The sharp upward movement suggests buying pressure rather than an exhaustion move.
If 95,300 is tested again and breaks, it could lead to a parabolic move instead of a reversal
