1. Breakout Holding Strong
Bitcoin $BTC
His holding above the falling wedge breakout and ended the week with a small 0.58% gain. Falling wedges usually signal a bullish reversal — and this one worked out perfectly with a strong move up.
2. Support & Resistance Update
BTC has cleared the resistance zone of $88K–$92K. That area is now support. The next big target is $109,356 — and after that, Bitcoin enters price discovery mode (next possible stops: $120K, $130K).
3. MACD Bullish Signal
The weekly MACD is about to make a bullish crossover — just like in previous rallies. The histogram is growing positively, which means momentum is picking up.
4. RSI Breakout
RSI is around 58 and has broken out of a long-term downtrend. This shows growing strength and buying pressure. No signs of weakness yet.
Summary:
Trend: Strong & Bullish
Support: $88K–$90K
Resistance: $109K, then sky's the limit
Momentum: Bullish (MACD & RSI looking great)
Watch out for: FOMC Meeting on May 7
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