📈 $BTC Technical Analysis – Weekly Outlook

🕯️ Price Action

* Weekly Close: $117,300

* Range: $115,000 – $120,000

* Structure: Sideways consolidation with higher lows – classic continuation pattern.

🔵 Momentum Indicators

* RSI (Relative Strength Index): 68 (neutral-bullish zone)

* Still below overbought (70+) → room to move higher

* MACD (Weekly): Bullish crossover still active, but histogram is flattening → suggests momentum slowing, not reversing

🔺 Key Resistance:

* $120,500–$122,000: Major psychological + supply zone

* $123,800: Recent ATH — breakout above here likely ignites next wave to $130K+

🟢 Key Support:

* $115,000: Weekly base

* $109,800: 20-week EMA (rising)

* $105,000: Strong horizontal demand zone

📌 Holding above $109K keeps the bull trend structurally intact.

Inflation in U.S. has been cooling, rate cut odds increasing → good for risk assets like BTC

Powell DOJ referral drama adds uncertainty → supports BTC as neutral asset

Global interest in Bitcoin ETFs (Canada, Hong Kong, Germany) adds demand

Exchange reserves continue to decline → bullish (less selling pressure)

Hashrate remains near ATH → miner confidence intact

Whale accumulation upticking again post $110K level

🔐 Risk Management

* Avoid high leverage in current chop

* Best strategy: Spot holdings + DCA or wait for $123K breakout confirmation

🔥What to Watch This Week

* 📅 Fed speeches, especially if Powell addresses any political pressure

* 📊 U.S. Core PCE data on Friday – key inflation reading

* 🧠 Watch altcoin rotation if BTC holds stable (SOL, AVAX, ETH look primed)

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