#BTC - Weekly price update:
The panic caused by the conflict between Israel and Iran seems to be over. 💥 #Bitcoin shows remarkable resilience, with several signals currently disproving the bearish scenario of $99,000 - $100,000.
Key technical observations:
✅ Big tail and retest of the support level $102,000-$103,000
✅ Clean retest of the 1-month bearish channel (H4 view)
✅ Breakout of the ascending triangle on H1📈
✅ Breakout and reintegration above the key level of $106,200 (Kijun D1 - previously shared)
Support and resistance levels (yellow zone for monitoring):
$104,400 / $105,500 / $106,600 / $108,500 / $109,350 / $110,400 / $111,600
My current forecast:
Bulls are in control above $102,500 (long-term bias) 📈
#Alts may recover if #BTC consolidates above this area.
No major changes over the past several weeks.
Weekly: This extended consolidation above $102-$103k, and significantly above the main level of $93k (50% fib/week support), suggests that bulls are preparing for a strong rise to $120k+ (from experience + Ichimoku signals).
Vertical movement likely between $102.5k-$110k until the next major movement.
🟩 Closing the daily candle above $111,800 = next strong bullish signal and breakout scenario
🟥 Closing the daily candle below $105,000 = risk of another drop to $99,000
Key supports:
$98,000-$100,000
$93,000-$94,000
Summary:
Despite the recent fear, the $BTC structure remains bullish on higher time frames. Be cautious of volatility around these levels and adjust your positions accordingly.