Weekly Closing Analysis of Bitcoin:
Current Technical Situation:
A strong weekly candle supports the bullish trend.
An upward trend is forming on the 4-hour chart, which may be the beginning of a larger move.
Correction Expectations:
Any drop to levels 80,400 - 79,500 is considered a natural correction and a buying opportunity.
🚨 Negativity is only activated by breaking the 74,000 level with a daily close.
Expected Targets:
Potential upward levels: 89,000 - 95,000 - 103,000.
Market Outlook:
This rise is seen as a significant correction from the drop of 109,000 to 74,000, and I believe it marks the beginning of a new bull market.
Conclusion: The bullish trend is intact with expected corrections, and the 74,000 level remains crucial to confirm positivity or negativity.