📈 Bitcoin Weekly Analysis: Macro Reversal Underway
The price of Bitcoin ($BTC) is currently sitting at a pivotal level, specifically the weekly Fibonacci demand zone. This area is historically significant as a starting point for major price reversals.
Key Takeaways:
Final Accumulation: This demand zone is seen as the last phase where major players are accumulating $BTC before initiating a massive price rally (a "macro breakout").
Bullish Confirmation: We are already observing an initial positive reaction, with buyers stepping in and forming the first indications of a bullish reversal structure.
Uptrend Intact: As long as $BTC holds support above this critical demand box, the overall weekly uptrend remains healthy, suggesting that substantial price increases are highly likely.
🎯 Potential Upside Targets:
Based on this bullish structure, the next major price objectives for Bitcoin are projected to be:
$$123,185
$$134,400
$$148,798
In summary, the weekly chart structure for Bitcoin is signaling strong bullish continuation. If the current support level holds firm, the next move higher could be significant and highly explosive.$BTC
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