BTCUSD / Bitcoin Weekly Buy Projection – 20.07.26
Bitcoin is trading near $63,947, where several bullish confirmations are meeting:
The 0.618 Fibonacci retracement level is around $63,972.
Price is respecting the ascending trendline.
A previous downside move collected liquidity near the $62,000–$62,400 support zone.
After the liquidity sweep, a bullish engulfing candle formed, indicating strong buyer reaction.
Trading Projection
Buy Zone: $63,800–$64,000
Take-Profit Zone: $67,000–$67,300
Stop-Loss: Below $60,900
The bullish projection remains valid while price holds above the trendline and the major support zone. A strong breakout above $65,000 could provide additional confirmation for a move toward $67,000+.
Bitcoin is trading near $63,947, where several bullish confirmations are meeting:
The 0.618 Fibonacci retracement level is around $63,972.
Price is respecting the ascending trendline.
A previous downside move collected liquidity near the $62,000–$62,400 support zone.
After the liquidity sweep, a bullish engulfing candle formed, indicating strong buyer reaction.
Trading Projection
Buy Zone: $63,800–$64,000
Take-Profit Zone: $67,000–$67,300
Stop-Loss: Below $60,900
The bullish projection remains valid while price holds above the trendline and the major support zone. A strong breakout above $65,000 could provide additional confirmation for a move toward $67,000+.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.