$BTC Week 27 Chart Pulse
Currently at $107,659.97 (-0.67%) as of the posting, consolidating after recent advance. Weekly chart shows complete Elliott Wave impulse structure.
Price holding above EMA 9 but showing minor weakness. EMAs at 103,803 and
98,339 respectively. Current price maintaining healthy separation from EMAs despite weekly pullback, suggesting underlying strength remains intact.
Current weekly showing moderate volume with slight negative close. Previous weeks displayed stronger volume during Wave 3 and early Wave 5 development, confirming overall bullish structure despite current consolidation.
MACD blue line maintaining position above yellow line but flattening - indicating momentum pause rather than reversal. No significant divergence present. Histogram showing slight contraction, representing normal consolidation within larger bullish trend.
Resistance:
• 118,780
• 130,999
• 165,912
Support:
• 103,803
• 98,339
• 91,897
BULLISH IDEA:
Current consolidation resolves upward, maintaining position above 103,803. Weekly RSI remains in bullish territory without overbought extremes, suggesting continued upside potential.
BEARISH IDEA:
Failure to hold 103,803 signals deeper correction.