Let’s dive into the Bitcoin weekly chart as a BTC expert—keeping it brief!
Bitcoin soared 10% last week, turning bullish again.
✅ Breakout Confirmed: BTC broke the falling wedge (late 2024–early 2025), a bullish reversal, with a strong rally.
✅ Resistance Flipped: $88,000–$92,000 is now support; next target is $109,356, then price discovery.
✅ MACD Bullish Cross: Weekly MACD crossover is coming (orange circles), signaling big upside with expanding momentum.
✅ RSI Breakout: RSI (~58) broke its downtrend, showing rising strength and buying pressure.
Summary:
• Trend: Bullish
• Support: $88,000–$90,000
• Resistance: $109,356
• Momentum: Strong (MACD + RSI bullish)
Bitcoin’s heating up—watch for new highs! 🚀