🚀 Bitcoin (
$BTC ) Weekly Chart Analysis
Current Price: $82,246
Timeframe: 1W (Weekly)
🔥 Bullish Channel Still Holding!
BTC is still trading inside a strong upward channel. It faced some rejection near the upper resistance but remains in a bullish structure.
📉 Short-Term Pullback or Reversal?
A slight correction occurred after hitting a local top. This looks like a healthy retracement rather than a trend reversal. BTC is currently near the mid-channel support level.
📊 Key Levels to Watch:
✅ Support: $71,381 (Strong weekly support + trendline support)
🚀 Resistance: $104,183 (Previous high & upper channel resistance)
⚡ 3 Possible Scenarios:
1️⃣ 🚀 Bullish Breakout (High Probability)
If BTC reclaims $85K+ with strong volume, it may retest $104K resistance. A breakout above this level could send BTC towards $120K!
2️⃣ ⏳ Sideways Consolidation
BTC could range between $71K - $85K, forming an accumulation zone before the next big move.
3️⃣ 📉 Bearish Breakdown (Low Probability)
If BTC closes below $71K on a weekly timeframe, the bullish channel could break, leading to a potential drop toward $60K support.
📈 Volume Insights:
Volume is stable but not exploding yet, indicating that the market is in a wait-and-watch mode. Expect higher volatility as we approach the halving event!
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🔮 Conclusion:
Bitcoin remains long-term bullish! As long as BTC stays above $71K, dips are buying opportunities!
For smart traders: The trend is still your friend!
#BTC #CryptoTrading #Binance #TechnicalAnalysis #BullishVibes 🚀