$BTC Week 26 Chart Impulse
Now at $104,968.02 (+3.88%) as of this posting, showing powerful bullish momentum. Weekly chart confirms impulse structure strengthening.
Price firmly above both EMAs with bullish alignment. EMAs providing support at 102,157 and 100,762. Increasing separation confirms accelerating trend.
Current volume showing significant increase (+560.44) with strong positive close. Volume expansion validates bullish momentum.
MACD blue line maintaining position above yellow with widening gap - confirming strengthening momentum. No divergence present. Histogram also expanding in positive territory. Blue line continuing upward trajectory.
IMPULSE WAVE:
• Wave 1: Breakout from 24k to 73k
• Wave 2: Correction to 49k
• Wave 3: Strong impulse to 109k
• Wave 4: Shallow correction to 74k
• Wave 5: Current impulse accelerating, targeting 118k-165k
BULLISH IDEA:
Strong weekly close above 105k confirms Wave 5 acceleration. Sustained momentum targets 118,780 with potential extension toward 130,999 and a greedy target at 165,912.
BEARISH IDEA:
Failure to hold above 102,157 signals impulse exhaustion. Break below 97,097 invalidates bullish structure.
BTC's market is showing textbook Wave 5 development with increasing momentum and volume. Weekly RSI strengthening but not overbought, suggesting continued upside. Current +3.88% weekly candle represents strongest performance since early May.
