📈 Bitcoin Weekly Analysis: Eyes on $130K as ETH Holds $2,947

(July 12-13, 2024 | BTC: $117,647 | ETH: $2,947)

🔥 Monthly Chart Outlook (Fig 1-2): The Bull Run is Intact 

After 6 months of sideways action, Bitcoin confirmed its bull trajectory by reclaiming the 109.5K pivot (as projected in late 2024). Despite early-2025 FUD, the path to $130K–140K remains clear. Two macro scenarios loom:  

① Double-Top Formation: BTC consolidates at ATHs, fueling altseason.  

② 5-Wave Rally (Yellow Path): The "textbook" surge from $48K resumes.  

Key Takeaway: 2025’s bull market is accelerating. Silence from bears speaks volumes.

Weekly Charts (Fig 3-4): Liquidity Clears, Upside Confirmed

🔹 BTC’s May-June zigzag correction (1-2-3 waves) trapped sellers when wave 3 breached wave 1 lows but swiftly recovered (LC’s stop-hunt).  

🔹 The late-June bullish engulfing candle at $110K marked a liquidity sweep – weak hands capitulated, granting whales control.  

🔹 This week’s bounce off the zigzag trendline validated the start of a new impulse wave. Targets: $121K, $128K, $135K.  

⚠️ Critical Level: A Monday close BELOW $111K risks a fakeout → dip to $106K (weekly support).  

📊 Daily Chart (Fig 5): No Top Signals Yet  

🔹 Indicators (Bollinger Bands, BBI, MA) point UP. RSI/KDJ overbought but no divergence.  

🔹 TD-9 count on the 2-day chart hints at a pullback. Watch $106,800 this weekend:  

  → Hold = Rally resumes (CVD bullish).  

  → Break = Correction confirmed.  

🧮 ETH Context: 

While BTC leads, Ethereum’s hold above $2.9K suggests strength. A BTC breakout could propel ETH toward $3.2K resistance.  

✅ Key Levels:

| BTC     | ETH  |  

| ▶️ Resistance: $118,500 | ▶️ Watch $3,000  

| ▶️ Support: $116,800 / $115,500 | ▶️ Support: $2,880 |  

💭 Final Thought: 

Liquidity drives this market – not narratives. Whales are clearing resistance; retail fear is fuel. The road to $130K is open, but manage risk at $111K.

#Write2Earn!

$BTC

$ETH