Bitcoin Weekly Outlook: Short-Term Moves Ahead
Bitcoin is currently trading around $109,150, moving within a tight intraday range of $107,850–$109,470. This reflects consolidation after a recent peak near $110K.
Technical Sentiment & Catalysts:
Daily MACD signals bullish momentum, with a strong monthly close supporting further upside.
Key resistance levels are at $112K and $114K. A breakout could push BTC toward $135K–$143K.
If support at $106K–$108K fails, Bitcoin may drop toward $100K, especially if market sentiment weakens or large holders begin profit-taking.
Next Week’s Potential Scenarios:
Bullish Case: Break above $112K may lead to a rally toward $115K–$120K.
Bearish Case: A pullback toward $104K–$106K before stabilization.
Traders should monitor trading volume, Fed updates, ETF flows, and global macro events for directional clues in the coming days.
