🚨🚨 WEEKLY ANALYSIS OF #BTC 🧭
‼️Read Below ‼️
#Bitcoin seems to be looking to pull back before attempting another #ATH 📈
👉 The weekly chart of #BTCUSDT shows that the price remains within a well-defined ascending channel, supported by a key demand zone around $95k 💪
#BTC has a structure of higher highs and higher lows, a sign of a bullish trend 📈 Although the RSI is overbought and the Stoch RSI shows bearish weakness, the #MACD and TTSI still favor the buyers 🚀
The volume profile indicates strong activity in the $94,000 - $96,000 area, right at the support zone 📊
Momentum strength is decreasing, but as long as that level holds, BTC still has the advantage. The structure has not been broken yet 🔍
The most likely next direction appears to be BEARISH in the short term, with a possible visit to the demand zone before resuming the upward move 👉 If that area holds, Bitcoin could once again target $110,000 and potentially higher in the medium term .
✅️Follow for more ✅️