$BTC
Bitcoin Weekly Analysis:
Pattern: A Cup and Handle formation is visible on the weekly timeframe.
Support Level: $38,000–$40,000 is a key support zone.
Targets:
Short-term: $40,000
Mid-term: $100,000
Long-term: $130,000 to $150,000
Risk: If Bitcoin breaks below $38,000, downside risk increases, but a major crash to $1,000 is unlikely unless there's an extreme market event.