Bitcoin continues to respect a clearly defined bullish market structure on the weekly timeframe.
The price action has persistently printed higher highs and higher lows, maintaining upward momentum within a dominant ascending channel. This behavior reinforces the ongoing bullish narrative, as buyers have repeatedly stepped in at logical demand zones to defend structure.
The immediate demand zone between 71,300 and 78,300 has acted as a critical launchpad for price. As long as this region holds on a weekly closing basis, the probability of continuation remains elevated.
A clean break above the 109,588 resistance, marking the previous high—would likely act as a technical trigger for further upside acceleration, with the projected price target standing at 140,998. This level is derived from a measured move extension based on prior impulsive legs within the channel, reflecting a symmetrical and organic expansion of market structure. This almost projected same as one of our previous analysis.
Key support remains layered across multiple zones. The internal demand zone around 48,800 to 54,500 represents a structural pivot level. Below that, the extreme support zone near 27,900 and the foundational base zone between 15,500 and 17,765 provide deep support from earlier cycle lows. These levels are unlikely to be revisited unless a significant macro reversal occurs, something not currently evidenced in the chart.
The preservation of trendline support, coupled with repeated bullish rejections from higher lows, confirms that market psychology remains tilted in favor of the bulls. Sellers have yet to invalidate any critical higher low, indicating the uptrend is not only intact but maturing toward another expansion phase with potential ending diagonal in view.
With the current projection and structural alignment, the bullish thesis remains valid as long as Bitcoin sustains weekly closes above the 78,300 zone. A failure to hold that level could lead to a re-evaluation of this outlook. Until then, structure governs sentiment and right now, the structure is still decisively bullish.
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