Is BTC riding high 🚀🚀🚀? Or is it just a candle trick?!
This week has been 🔥 literally!
Bitcoin closed a very strong weekly candle at $109,004
After hitting a high of $111,980
That means a jump of +2.40% over the week, and not just that…
Let’s dive into the details:
1️⃣ Momentum is heating up:
RSI = 80.78 → Overbought? Yes! But when the market is hot, who can cool it down?
MACD = +1,419 → Positive crossover and strong!
KDJ = J above 114 → This is not overbought… this is Super Saiyan!
2️⃣ Huge trading volume:
Higher than the previous weeks = Real liquidity is entering, not just speculation.
3️⃣ Nearby resistances:
112K (which we actually touched)
115K (if we surpass this, we’ll say: To the moon, my friend!)
4️⃣ Support zones:
102K then 97K, and these are levels to watch if a correction occurs.
The conclusion?
The market is bullish… momentum is strong… but the indicators suggest a possible temporary "commercial break."
Will we see 120K soon? Or is the market planning a surprise?
Write your opinion in the comments — Buy? Wait? Or sell and hide under the mattress?!
If you liked the analysis, like and comment, and share it with someone waiting to jump into the market before they miss the train.