#BinancePizza

Very important information

1. Candle type:

The current weekly candle is green and strong, with a long body and small shadows, indicating strong buying momentum, especially since it follows a clear rebound from an upward support.

2. Support and resistance areas:

Strong support: around 95,700 and 78,800 (clearly visible from the blue horizontal lines).

Current resistance: between 105,000 – 109,500 (previous resistance and the highest candle).

3. Technical indicators:

Moving Averages (MA):

MA7 (yellow): bullish breakout, indicating the start of a short-term upward wave.

MA25 and MA50 (purple and green): the price is above them, indicating an overall upward trend.

MACD

The crossover between the lines (DIF and DEA) is positive, and the histogram has turned green – a signal of momentum shifting from negative to positive.

The MACD histogram clarification represents the candles.

4. Technical pattern

The price has formed an upward bottom and started breaking the downward trend line, indicating the possibility of continued upward movement if it surpasses 105K with a weekly close.

The situation shows strong upward momentum, especially if the weekly candle closes above 105,000. All indicators suggest ongoing upward movement, but we must be cautious of resistance at 109K, as if it cannot break it, it may return to retest 95K. This means we can say

If there is no strong negative news, Bitcoin is heading upwards.