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Bitcoin is at a central point, and the weekly fence could define its next movement. To confirm optimistic continuation and strengthen market confidence, BTC must secure a solid weekly close $ 107,720.
Bitcoin Weekly Bandle could prepare the field for a race
Bitcoin approaches a brand or break-up, but if BTC can secure a solid weekly fence above $ 107,720, this could trigger a movement towards the range of $ 130,000 to $ 135,000 in the third quarter. This key level acts as a resistance zoneAnd breaking it could unlock a new wave of bullish impetus.
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Sathememe_expert revealed On X that a similar configuration had appeared in the fourth quarter of 2024, when BTC displayed its largest weekly fence of the year. The result was a unstoppable This resistance broke and fed one of the strongest legs in the cycle.
The weekly graph shows that Bitcoin is negotiated in a well -defined historical parallel channel. As mentioned By pinnacle_crypto, this channel previously scored a break in October 2023 and October 2024, which fueled move upwards. If this model continues, BTC could be on the right track to reach the goal of $ 150,916 in October 2025. The channel provides a roadmap, with a key Pushes reported the start of gatherings. At the same time, price reductions will serve as accumulation areas.
The Crypto Gemxbt analyst also highlighted This 1 hour Bitcoin table is currently in a downward trend, but the price is trying to bounce back in a support area close to $ 106,500. Until now, this area is firm, providing a basis for buyers to intervene and technical indicators support this potential change.
The relative resistance index (RSI) is recovering from the levels of occurrence, suggesting that the sales dynamics are decreasing, while the indicator of divergence of Mobile average convergence (MacD) approaches a bull crossing, which could point out the start of the ascending momentum. However, for a significant reversal to hold, the BTC must overcome criticism Resistance nearly $ 108,500. An escape above with a sustained volume will be crucial to confirm the trend and the bullish momentum.
The consolidation phase matures – the escape can be imminent
BTC is consolidated inside a formation of channels descending on the daily graphic, a model which generally reflects a phase with a wider trend. Dynamite Trader underlines That BTC is currently negotiated above the 50-day mobile average (MA 50), a technical level which is now solid for Bulls.
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An escape above the descending channel would mark a change of feeling and momentum, potentially triggering a bullish continuation to the region of $ 120,000, the next psychosocial target on the macro graphic.
According to For Miracrypto, Bitcoin showed a strong escape from the downward chain on the graph of a day, indicating a shift in the momentum. BTC is now consolidated above the resistance, which has turned into support.
This consolidation higher than the levels of escape is a bullish continuation Signal seen before the next leg above. Miracrypto noted that as long as BTC holds this area, the path remains open for a movement around $ 135,000.
Istock image star image, tradingveiw.com graphic