BTC Daily Update: Globally (Weekly Timeframe): Although the week is not over yet, it can be seen that the weekly candle (if it closes close to the current price) is a candle of complete uncertainty.. which allows SM to continue to keep the public in a state of fog.. At the same time, it should be remembered that the general trend: Bitcoin is in a continuous upward trend, with a pattern of higher highs and higher lows, which indicates the continuation of the positive momentum... With key supports:
$92,000 - a historically significant level.
$100,000 - strong psychological support. With resistances close:
$109,500 - the most recent all-time high.
$110,000 - a psychological level that may pose a challenge for a breakout. What further indicates the overall bullish trend is the moving averages: The short-term and medium-term moving averages (20, 50 and 200 weeks) indicate a bullish trend, with the price above all of them. So weekly - Bullish scenario: A successful breakout above $110,000 could open the way to new targets, with some forecasts indicating a potential to reach $120,000 and even more. Bearish scenario: A failure to break above $110,000 could lead to a downward correction, with supports at $100,000 and $92,000.