$BTC Weekly Close Above $100,000 – Bullish Momentum Building!
Bitcoin had an amazing weekly close above the $100,000 mark, setting a new all-time high (ATH).
The daily chart also closed bullish, confirming the strong upward trend.
However, the H4 chart printed a huge rejection candlestick, showing signs of selling pressure at the new ATH.
What It Means:
Bullish Trend: Despite the rejection on the H4, the overall trend across all timeframes remains bullish.
Selling Pressure: The rejection candlestick suggests some short-term selling, but this doesn't negate the larger bullish trend.
What to Watch Next:
1. Key Levels: If BTC holds above $100,000, the next move could push even higher. Watch for support around $95,000.
2. Breakout Potential: The overall trend suggests a breakout could happen soon, either above current ATH or with some consolidation.
3. Volume Trends: Keep an eye on trading volume—higher volume supports the bullish trend.
4. Short-term Corrections: Expect small pullbacks, but as long as the price stays above critical support, the long-term outlook remains strong.
Get ready for potential explosive moves—BTC’s momentum is strong, and a breakout could be imminent!