WEEKLY BITCOIN CHART ANALYSIS
✅ Continuing the upward trend: Bitcoin has created a green candle for the 7th consecutive week and closed last week with an increase of 2.39%. This is the highest weekly closing in Bitcoin's history. The last time Bitcoin created 8 consecutive green candles was in October/November 2023.
✅ Support and resistance:
Support: $100,000 and $93,000
Resistance level: $125,000 at the uptrend line
✅ Bullish diagonal of MACD:
On the weekly MACD, we can see the MACD crossover is performing well. Each previous MACD crossover on this timeframe has led to strong bullish moves, and the histogram is currently expanding positively, indicating strong momentum.
✅ RSI breakout:
RSI (currently ~68) has broken the long-term downtrend line and is now trending higher. We have seen RSI rise to 85 in a bullish market. Therefore, there is still plenty of room for the upward trend if BTC can break through the $109,000 level this week.
⚠️ Profit-taking correction: Last week, we witnessed a nice battle between the bulls and the bears, but the bulls maintained the support level at $102,000 and broke through the previous all-time high. This momentum could push Bitcoin's price up to $125,000.
🧠 Summary:
Trend: bullish
Support: ~$100,000, $93,000
Resistance: $125,000
One-year target: $180k - $250k
KEY MARKET FACTOR: Trump's tariffs have once again become a hot topic in the market, potentially creating short-term volatility.
$BTC to the mon
