[Weekly Analysis BTC/USDT] – Are we ready for the bullish continuation?
BTC is at an interesting point in the cycle. Currently trading at $88,256, it has rebounded strongly from the support at $72,600 and is showing signs of recovery.
Key points of technical analysis:
EMA(9): $86,240
EMA(21): $86,743
The price has closed above both EMAs, indicating a potential trend change in the short/medium term.
RSI(6): 54.29 – in neutral zone, with bullish bias.
General trend:
Despite the correction from the high of $109,588, the weekly chart still shows a structure of higher lows, typical of a healthy bullish trend.
If BTC manages to consolidate above $92,000 - $95,000, we could see a new push towards the historical highs.
Areas to watch:
Key support: $72,600
Resistances: $99,000 and $109,500
The market is still defining its direction, but the indicators show a possible bullish reactivation. Is the next stage of the bull run coming?
What do you think? Are we going back to $100K soon?
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