By analyzing the #Bitcoin chart on the weekly timeframe, we can see that after the recent bullish expansion that pushed BTC toward the $74,000 level, the market experienced a corrective phase during the past week.
Following this move, Bitcoin gradually pulled back and eventually closed the weekly candle around the $66,000 level, indicating that sellers temporarily gained control after the previous rally.
Currently, BTC is trading around the $68,500 region, showing early signs of stabilization after the recent volatility.
At this stage, the $70,000 level remains the key structural zone for confirming whether Bitcoin can resume its bullish momentum.
With geopolitical tensions increasing in the Middle East, market uncertainty may continue to drive volatility in the short term.
If Bitcoin manages to reclaim and close back above the $70,000 level, the previously discussed bullish scenario would become valid once again.
In that case, the next upside targets remain $80,000 as the first target, followed by $90,000 as the second major objective if bullish momentum continues to build.
Following this move, Bitcoin gradually pulled back and eventually closed the weekly candle around the $66,000 level, indicating that sellers temporarily gained control after the previous rally.
Currently, BTC is trading around the $68,500 region, showing early signs of stabilization after the recent volatility.
At this stage, the $70,000 level remains the key structural zone for confirming whether Bitcoin can resume its bullish momentum.
With geopolitical tensions increasing in the Middle East, market uncertainty may continue to drive volatility in the short term.
If Bitcoin manages to reclaim and close back above the $70,000 level, the previously discussed bullish scenario would become valid once again.
In that case, the next upside targets remain $80,000 as the first target, followed by $90,000 as the second major objective if bullish momentum continues to build.
Сделка активна
By analyzing the #Bitcoin chart on the weekly timeframe, we can see that after the recent pullback and consolidation phase, buying pressure has started to return to the market since yesterday. Following this renewed demand, Bitcoin managed to push higher toward the $71,300 level, showing early signs that buyers are attempting to regain momentum.Currently, BTC is trading around the $69,900 region, once again approaching the key structural $70,000 level. At this stage, the $70,000 zone continues to remain the most important level for confirming whether Bitcoin can resume its bullish expansion.
All previous assumptions from the earlier analysis remain valid. If Bitcoin manages to reclaim and stabilize above the $70,000 level, the bullish continuation scenario discussed previously would remain intact. In that case, the next upside targets remain $80,000 as the first target, followed by $90,000 as the second major objective if bullish momentum continues to build.
📘 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
🚀 MondFX — our trusted Broker : bit.ly/MondFx
⚜️ Free Telegram Channel : telegram.me/PriceAction_ICT
⚜️ JOIN THE VIP 👉 t.me/ArmanShabanTrading
🚀 MondFX — our trusted Broker : bit.ly/MondFx
Похожие публикации
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
📘 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
🚀 MondFX — our trusted Broker : bit.ly/MondFx
⚜️ Free Telegram Channel : telegram.me/PriceAction_ICT
⚜️ JOIN THE VIP 👉 t.me/ArmanShabanTrading
🚀 MondFX — our trusted Broker : bit.ly/MondFx
Похожие публикации
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.