On behalf of our project, we want to congratulate everyone on the start of the BTC bull run in this bullish cycle! Again, this is our opinion, of course.

Subjectively - last week has already arranged everything in its places, but we were waiting for confirmation from P73 Trend & Target Dynamics. Confirmation is here, the price has returned to a stable uptrend on the weekly timeframe. In the stable downtrend that lasted since July 1 of this year, the price almost reached the second basic target of 48,464$ (the level varies slightly on different exchanges). The low was exactly 49,000$.

Let's open the weekly chart of #BTC since 2010 to show you how such signals from our indicator have worked in past cycles. We'll go through the times when #BTC was worth less than 1$. Of interest:

- Until 2019, stable uptrends on the weekly timeframe were a solid monolith. Starting out, they showed thousands and tens of thousands in price growth. Since 2019, bull market periods have begun to 'fragment'. There have also been periods of breaking stable uptrends. During the 'black swan', 'corona dump'. But these were long squeezes before significant growth.

Will there be dumps this time? Absolutely. Will there be long squeezes this time? Without a doubt. And the first in line - for closing the fresh gap on CME. Many lose no less during a bull run than in a bear market. Primarily, those who love leverage.

BUT the recently closed candle signaled that medium- and long-term #BTC is returning to growth, coming out of accumulation since March 14, 2024.

The basic targets of the initiated stable uptrend that have not yet been worked out by the pump candle of the past week:

- 83,377$

- 90,041%.

Additional target from the monthly timeframe:

- 92,315$.

Last week, this week, and next week are weeks of potential highs. But after the fact of transitioning to a stable uptrend, this is no longer so important. This is a signal for a pullback, but not a reversal.

The minimum and maximum targets for this cycle, in our assessment - we wrote about it today. Conservatively - 109,807$. Neutrally - 168,108$. Optimistically: 226,409$ or 262,439$.