🚨🚨🎯 WEEKLY ANALYSIS OF #BTC 🧭
#Bitcoin remains within its bullish channel 📈 but volume shows a clear downtrend 📉, which could signal reduced institutional interest or market fatigue at this key zone
#BTC holds above the 0.5 Fibonacci level at 117K 💵, consolidating above a demand zone 🧱
The weekly open shows a positive candle, though with a small body, suggesting uncertainty in buying momentum—at least for now 🤔
Despite setting a new #ATH, price slowed near the 0.618 Fibonacci at 127K, with a technical outlook still favorable but increasingly weighed down by weak volume 📊
The bullish channel continues to guide the current movement 👀
If buying pressure continues, #BTC could aim for 127K and then 141K 🚀
However, if momentum doesn't pick up soon, a pullback toward the demand zone around 105K can't be ruled out 🧨