#USCryptoWeek Analysis of BTC charts: key levels to keep in mind.
$BTC ✨✨✨✨✨✨✨💥
Bitcoin charts show that the strong rise began after hitting a low of 98,240 USD, reaching 119,000 USD before halting its advance. This rally was driven by an increase in volume, although the latest candles reflect a loss of strength, which could indicate that the market is entering a distribution phase.
Bitcoin has shown a clear upward trend, with a strong advance from 107,500 USD to reach 118,839 USD, where it paused briefly before continuing the breakout. This pause formed a pattern reminiscent of a bullish flag or ascending triangle, both indicators of a possible continuation of the rise.
The key levels to keep an eye on for next week are:
🔸120,000 USD: this not only represents an important psychological level, but strong selling pressure has also been identified as BTC approaches this zone. Overcoming it with volume could expand the upward trend.
🔸112,000 USD: this would be the key support. Losing it would indicate that the bullish momentum has faded. A correction of that magnitude could frustrate expectations of upward continuity.
The RSI, at 62.99 points, shows that the bulls remain in control and that new rises are possible in the short term.
