⚠️Bitcoin Weekly Technical Analysis 🚨
📊Chart Overview:
💵Bitcoin is currently showing a strong upward trajectory after forming a New Box Pattern. Here's the breakdown:
📊Entry Zone:
The ideal entry point was in the $65,000–$70,000 zone, where consolidation and accumulation took place.
📊Target Levels📈
📈Target 1 (TG1): $108,350 – The next immediate resistance zone.
📈Target 2 (TG2): $126,879 – A potential mid-term target if the bullish momentum continues.
📈Target 3 (TG3): $147,400 – A long-term projection for significant gains.
🔴Support Zone:
💵The $90,500–$93,000 area serves as a critical support level, which needs to hold to maintain the bullish trend.
🔼🔼 Observations:
✅Bitcoin has successfully broken out of its previous consolidation phase.
✅A pullback to the $90,500 region could provide a re-entry opportunity for those who missed the initial rally.
📌 Action Plan:
✅Monitor Bitcoin's movement near TG1. A break above TG1 could signal further upside momentum toward TG2 and TG3. Stay cautious of any rejections near resistance zones.
