$BTC

🔍 Technical Analysis of Bitcoin – Weekly Close

Bitcoin ended the week at a level of $108,356, failing to break through the previous weekly closing high of $109,004. Nevertheless, the weekly close is considered good, but it needed additional confirmation by surpassing the previous peak to give stronger momentum to the market.

📊 The current path leans towards sideways movement, which is positive at this stage as it helps alleviate pressure on technical indicators and prepares the market for an upcoming upward movement.

🗓️ The anticipated monthly close today will be pivotal, as the highest monthly closing previously recorded was at $104,591. Closing above this level will give Bitcoin a strong boost to continue the upward path.

🔒 Maintaining the level of $104,000 - $106,000 as a critical support zone on the weekly close is very important. Staying above this level reinforces the strength of the upward trend in the medium term and indicates that what we are witnessing now is a period of consolidation and a healthy pause for the market.

📈 With God's permission, and with the continued positive sideways movement above support levels, the overall outlook remains positive, and a resumption of the rise is expected in the coming period.