🪙 The chart illustrates Bitcoin's ($BTC ) price movement on a weekly timeframe using a step-like growth pattern, with four phases marked in yellow zones. Here are the key insights:

BTC has been following a structured uptrend, consolidating before entering a new higher range.

The 50-week Simple Moving Average (SMA) has consistently acted as dynamic support

BTC is currently testing the ascending trendline which has provided bounces in previous corrections.

Next Potential Target: The fourth step (yellow zone) suggests a long-term target range between $125,000 and $200,000.

RSI at 45.49 is near previous bottom levels (highlighted in green), where BTC previously reversed upward.

If RSI bounces from here, it could signal bullish continuation.

BTC remains in a long-term bullish trend, and this current correction might be a healthy retracement before the next major leg up. If the support levels hold, Bitcoin could start its final phase towards new all-time highs (ATH). 🚀