$BTC is holding strong at $106K — what’s next?
Bitcoin just printed 6 straight green weekly candles📈
Momentum is strong, but for the rally to hold, bulls must:
• Avoid weekly pullbacks
• Push RSI above December 2024 highs
Why?
Failing either = bearish RSI divergence, often followed by market corrections.
Next targets:
BTC needs to accelerate toward $120K–$130K
A Golden Cross is expected (last one triggered a $66K rally)
Rejection near ATH could lead to $90K pullback and a Cup & Handle setup📉
Catalyst:🚨
The Bitcoin Conference (May 27–29) could trigger a breakout above $109K or a sharp correction.
Despite macro stress, BTC above $100K = strong accumulation and fading bearish pressure👌