📈 Bitcoin Weekly Analysis: Eyes on $130K as ETH Holds $2,947
(July 12-13, 2024 | BTC: $117,647 | ETH: $2,947)
🔥 Monthly Chart Outlook (Fig 1-2): The Bull Run is Intact
After 6 months of sideways action, Bitcoin confirmed its bull trajectory by reclaiming the 109.5K pivot (as projected in late 2024). Despite early-2025 FUD, the path to $130K–140K remains clear. Two macro scenarios loom:
① Double-Top Formation: BTC consolidates at ATHs, fueling altseason.
② 5-Wave Rally (Yellow Path): The "textbook" surge from $48K resumes.
Key Takeaway: 2025’s bull market is accelerating. Silence from bears speaks volumes.
Weekly Charts (Fig 3-4): Liquidity Clears, Upside Confirmed
🔹 BTC’s May-June zigzag correction (1-2-3 waves) trapped sellers when wave 3 breached wave 1 lows but swiftly recovered (LC’s stop-hunt).
🔹 The late-June bullish engulfing candle at $110K marked a liquidity sweep – weak hands capitulated, granting whales control.
🔹 This week’s bounce off the zigzag trendline validated the start of a new impulse wave. Targets: $121K, $128K, $135K.
⚠️ Critical Level: A Monday close BELOW $111K risks a fakeout → dip to $106K (weekly support).
📊 Daily Chart (Fig 5): No Top Signals Yet
🔹 Indicators (Bollinger Bands, BBI, MA) point UP. RSI/KDJ overbought but no divergence.
🔹 TD-9 count on the 2-day chart hints at a pullback. Watch $106,800 this weekend:
→ Hold = Rally resumes (CVD bullish).
→ Break = Correction confirmed.
🧮 ETH Context:
While BTC leads, Ethereum’s hold above $2.9K suggests strength. A BTC breakout could propel ETH toward $3.2K resistance.
✅ Key Levels:
| BTC | ETH |
| ▶️ Resistance: $118,500 | ▶️ Watch $3,000
| ▶️ Support: $116,800 / $115,500 | ▶️ Support: $2,880 |
💭 Final Thought:
Liquidity drives this market – not narratives. Whales are clearing resistance; retail fear is fuel. The road to $130K is open, but manage risk at $111K.