Bitcoin update.
BTC continues to look bullish on the weekly, and this move higher is happening in the right part of the structure. After the sharp pullback from the highs, price has reclaimed the mid-range and is now holding above the ~92–93k area, which previously acted as resistance. That reclaim is an important signal that buyers are still in control on higher timeframes.
Structurally, this looks like a higher low forming within a broader uptrend rather than the start of a larger correction. The selloff was aggressive, but it failed to break key support near 73k, and the response since then has been constructive. Momentum has shifted back to the upside, and price is no longer trapped below prior value.
The 95k region is now acting as a pivot. Holding above it keeps BTC in a strong position to challenge the upper range near 108k. A clean reclaim and acceptance above 108k would likely open the door to the next leg higher and continuation of the macro trend.
As long as BTC remains above the low 90s on a weekly closing basis, the bullish thesis stays intact. Pullbacks should be viewed as consolidation within an uptrend rather than signs of failure, unless price starts losing reclaimed levels with momentum.
Overall, BTC looks healthy here. This is strength returning after a reset, not late-stage blow-off behavior. Trend remains up, and the market is acting like it wants higher prices with time.
BTC continues to look bullish on the weekly, and this move higher is happening in the right part of the structure. After the sharp pullback from the highs, price has reclaimed the mid-range and is now holding above the ~92–93k area, which previously acted as resistance. That reclaim is an important signal that buyers are still in control on higher timeframes.
Structurally, this looks like a higher low forming within a broader uptrend rather than the start of a larger correction. The selloff was aggressive, but it failed to break key support near 73k, and the response since then has been constructive. Momentum has shifted back to the upside, and price is no longer trapped below prior value.
The 95k region is now acting as a pivot. Holding above it keeps BTC in a strong position to challenge the upper range near 108k. A clean reclaim and acceptance above 108k would likely open the door to the next leg higher and continuation of the macro trend.
As long as BTC remains above the low 90s on a weekly closing basis, the bullish thesis stays intact. Pullbacks should be viewed as consolidation within an uptrend rather than signs of failure, unless price starts losing reclaimed levels with momentum.
Overall, BTC looks healthy here. This is strength returning after a reset, not late-stage blow-off behavior. Trend remains up, and the market is acting like it wants higher prices with time.
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Whale tracking 🌐 Exchange flows 🌐 Smart money 🌐
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Follow us on X: x.com/OnchainDecoded
Join our telegram: t.me/onchainnewsblog
การนำเสนอที่เกี่ยวข้อง
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน