On one of our recent analyses we talked about the importance of the 1W MA20 (red trend-line) for Bitcoin (BTCUSD) and the continuation of its non-stop bullish trend since the April 07 2025 Low.
As mentioned then, BTC was likely to extend the trend as long as the 1W candles keep closing above the 1W MA20. The three times a candle didn't, since June 2023, the price declined more to hit (or come very close to) the 1W MA50 (blue trend-line).
Last week was again a successful 1W candle close above the 1W MA50, third time in a month (since August 25) to do so. Technically that solidifies it as a Support and as long as it holds, Bitcoin has more probabilities to repeat at least a +96.38% rally ('weakest' rally it had on this Bull Cycle) and test $145000.
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