BTCUSD – Weekly Analysis 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.
