Exclusive Market Update - Weekly Perspective:
#Bitcoin(BTC) is eagerly awaiting a breakthrough above the $69,000 mark. This week, Bitcoin's weekly candle concluded at $68,300.
We've emphasized multiple times that a weekly #candle closure above $69,000 could trigger a parabolic surge, potentially propelling $BTC to $100k-$125k within 8-10 weeks post-breakout, akin to previous cycles.
This week, $BTC formed a Doji candle on the weekly timeframe, indicating indecision in Bitcoin's price action.
It's plausible that Bitcoin will consolidate between $54k to $72k over the coming weeks, establishing a support range for potential future rebounds. Such a scenario would bode well for #Ethereum✅ and #Altcoins... granting them breathing room and potentially kickstarting a significant #ALTseason.
Our primary focus remains on achieving a weekly close above $69k to sustain bullish momentum.
Key Upcoming Events to Monitor:
FOMC Meeting: March 20
Halving Event: April 20 (Approximate)
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