$BTC 🔍 Weekly technical analysis for BTC/USDT
💰 Current price: 107,512 USDT
🟥 Weekly change: -0.74%
✅ General trend: Strongly bullish but cautiously (consolidating before a possible breakout)
🔸 Technical Analysis Indicators:
1️⃣ Moving Averages (MA):
MA200 blue is far from the price (at $49,508), confirming the bullish trend in the long term.
MA50 (red line) supports the price from below and acts as a strong dynamic support at $74,473.
MA20 (orange) is close to the price and forms a medium-term support around $95,509.
📌 Reading: Continuing to trade above MA50 and MA20 reinforces the bullish trend unless broken by a full weekly candle.
2️⃣ Bollinger Bands (BB):
The price touches the upper limit of the band → this indicates strong buying pressure and a potential bullish breakout.
But: a rebound from the upper limit without a breakthrough may indicate a temporary correction or price relief.
3️⃣ Relative Strength Index (RSI):
Current value 62.33 (within the positive momentum area, but not yet in saturation).
No buying saturation signals yet, allowing for additional upward room.
4️⃣ MACD:
The blue line (MACD Line) is above the signal line → a strong bullish signal continues.
No negative crossovers on the near horizon.
🔥 Key support and resistance levels:
Level Type Strength
116,546 First resistance (local peak) 🔴 Very strong
107,512 Current price 🟡 Just below resistance
95,509 First support (MA20) 🟠 Important
74,473 Medium support (MA50) 🔵 Very important
49,508 Distant support (MA200) ⚪️ Long-term
🧭 Scenarios and recommendations:
✅ Bullish scenario (preferred):
Buying now is possible if the price stays above $107,000 on a weekly close.
🎯 First target: $116,546 (breaking it gives a strong impulse).
🎯 Extended second target: $125,000 then $135,000 in case of strong momentum.
📌 Recommendation:
🔹 LONG position at close above $108,000
🔹 Stop loss at $95,500
🔹 Re-centering at a rebound from MA20
❌ Bearish scenario (if support is broken):
If the price breaks $95,500 with a weekly close, a correction towards $74,500 is expected.
At that point, it is preferable to wait for a reversal signal on the daily timeframe.
📌 Recommendation:
🔸 SHORT if support at $95,500 is broken with confirmation on the daily timeframe.
🎯 First target $84,000
🎯 Second target $74,500
🔸 Stop loss at $98,000
🧠 Professional advice for you:
> ✨ “In weekly timeframes, patience is a gold mine. Don’t rush in, wait for a confirmation candle before making a decision.”
🚀 Weekly BTC Analysis | A lifetime opportunity for smart investors!
The price is consolidating below strong resistance and we may be on the verge of a historic breakout towards 🎯125K!🎯
Indicators confirm the continuation of the bullish momentum... but caution is required from level 🎯 95K🎯
📊 Premium recommendations and real-time follow-up only at
👌Dr-CryptoLb👌
🌟 Don’t follow the market, follow those who make market decisions!
