By analyzing the #Bitcoin chart on the weekly timeframe, we can see that price is currently trading around the $68,400 level. Although buyers are still defending the broader $66,000 demand zone, we have not yet seen any clear confirmation of a strong bullish expansion.
All primary assumptions of the main analysis remain structurally valid, but confirmation is now essential. In order to validate the beginning of a new powerful bullish wave, we need to see a weekly candle close above the $71,500 level. Without this confirmation, upside momentum remains limited and the structure stays in a neutral-to-cautious phase.
If price fails to secure a strong weekly close above $71,500, the risk of further downside pressure increases and we may see a deeper corrective move in Bitcoin before any sustainable bullish continuation.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
All primary assumptions of the main analysis remain structurally valid, but confirmation is now essential. In order to validate the beginning of a new powerful bullish wave, we need to see a weekly candle close above the $71,500 level. Without this confirmation, upside momentum remains limited and the structure stays in a neutral-to-cautious phase.
If price fails to secure a strong weekly close above $71,500, the risk of further downside pressure increases and we may see a deeper corrective move in Bitcoin before any sustainable bullish continuation.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
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📘 Wanna Learn ICT & SMC? Get the Full Book Here : bit.ly/ICT-BOOK
⚜️ Free Telegram Channel : telegram.me/PriceAction_ICT
⚜️ JOIN THE VIP 👉 t.me/ArmanShabanTrading
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⚜️ Free Telegram Channel : telegram.me/PriceAction_ICT
⚜️ JOIN THE VIP 👉 t.me/ArmanShabanTrading
🚀 MondFX — our trusted Broker : bit.ly/MondFx
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