In this article, we’ll take a deep dive into the Bitcoin chart to provide a clear and structured outlook on its likely trend in the coming month, weeks, and days. This isn’t just another market update — it’s a detailed breakdown designed specifically for new and average traders who want to understand how to navigate Bitcoin’s movements effectively.
I’ve written various articles on Bitcoin in the past, this one stands out. It’s a technical analysis-driven piece aimed at simplifying complex chart behavior, offering practical insights for everyday traders.
Please note that this article is focused strictly on technical analysis, with minimal emphasis on fundamental factors. We’ll begin our breakdown from the monthly time frame, since that’s where the major players make their moves — and where smart traders should begin their analysis.
So stay attentive, take note of the insights shared, and use them to make informed trading decisions.
MONTHLY ANALYSIS ☑️🟠
I believe there’s still more room for upside movement, and those anticipating a drop to $70K on the monthly chart may be disappointed.
A key reason for this view is that we are currently in Wave 3 of the Elliott Wave pattern. Historically, Wave 3 tends to be the strongest and longest, often extending 1.5 to 2 times the length of Wave 1. This provides further confirmation for a continued bullish bias on the larger time frame.
This message is especially directed at long-term investors: stay committed to your strategy. Don’t lose confidence or settle for smaller gains — the bigger picture still supports a strong move to the upside.
In addition to supporting my analysis with well-established theories such as the Elliott Wave, the technical structure of the market alone provides strong reasons to anticipate further upward movement rather than a significant dip.
Here are several key technical reasons from the weekly and monthly trends that support a continued bullish outlook:
1. New High in May: The May candle established a new high for Bitcoin, closing near the $112K level — a clear sign of bullish strength.
2. Strong Bullish Candle: The candle for May closed with a solid green body and only a small upper wick, indicating strong buying pressure and minimal rejection.
3. Breakout After Correction: The May candle also marked a clear breakout following a corrective phase, suggesting the market has resumed a trending move.
4. Elliott Wave 3 in Play: We are likely in Wave 3 of the Elliott Wave structure — typically the longest and most powerful wave in the sequence — which increases the probability of continued upside.
These factors combined paint a clear picture: the market is more likely to continue trending upwards in the coming months.
WEEKLY
The weekly chart adds even more confluence to the bullish trend already visible on the monthly timeframe.
A closer look at the chart reveals that there’s no clear sign of a triple top forming — thanks to the weekly breakout in May, which confirms continued bullish momentum. Buyers have regained control of the market following the recent correction, further strengthening the bullish outlook.
Shall we break it down in detail? 📣🟡
To make this analysis clearer and easier to understand, I’ll include a sketch of the chart to visually explain the key points.
If you take a close look at the $BTC weekly chart sketch 📈 above, you’ll notice a correction marked by a blue arrow.
In a trending market, it’s common to see temporary corrections followed by a continuation of the trend — and this appears to be the case here.
What traders should pay attention to is that after the correction (highlighted with the arrow), the price made a strong move that resulted in a new high. This pattern significantly increases the probability of continued upside momentum.
This sketch further illustrates that buyers have taken control following the recent correction, with no clear signs of a major pullback on either the monthly or weekly timeframes.
What we might experience next is some short-term noise or minor consolidation, followed by a continuation of the bullish move — as the overall market structure still appears strongly bullish based on the reasons I’ve outlined earlier.
If you observe the sketch closely, you’ll see how the current market behavior aligns with this outlook, reinforcing the case for continued upward momentum.
Now, let’s shift our focus to the Daily timeframe, where we’ll explore how to trade the current market conditions effectively.
DAILY ANALYSIS 💻⛏️
It is clear that the broader market outlook is bullish, it’s not enough to simply recognize that — we need to capitalize on the opportunities it presents. That’s why I’ve decided to share a few potential trade setups along with key invalidation levels, just as I regularly do 😊⛏️.
And yes — for those who’ve been following, I can confidently say we’ll soon be enjoying live sessions together to break these moves down in real time ❤️
Let’s dive deeper…
Just as the weekly timeframe shows bullish strength, the daily chart also reflects a bullish structure overall. If positive fundamentals align, the market could push up from the current zone around $105K toward the $120K–$125K region — which I consider a reasonable swing trade target.
Trade it here ⬆️⬆️
Of course, this projection holds as long as the market structure remains intact, and I’ll also outline the key levels that could invalidate this setup.
As long as the market holds above the current support zone and does not dip below the $100K level to create a new daily low, we can reasonably expect the price to move toward the upper target zone.
However, a break below $100K would invalidate this analysis entirely. ❗️‼️
Please take note of this key level — it is critical to maintaining the current bullish trade outlook.
As a spot trader, I operate with clear limitations on every trade I take. I always look for double confirmations before entering a position, which gives me the confidence to execute and manage my trades effectively.
I begin by defining a trading range. If the market violates that range, I treat it as a stop-loss signal — at that point, I either exit the trade or reduce my position to manage risk. On the other hand, once I receive my double confirmation, I stay committed to the trade, even during periods of consolidation, because this approach has consistently worked well with my strategy.
Please remember: be mindful and intentional with how you choose your trades. Take full responsibility — it’s your money, and you’re in control of how it’s managed.
I’m also planning to start live sessions soon, so keep an eye on my channel for updates. I’m looking forward to analyzing the market with you — let’s break it down together! ❤️❤️❤️❤️
🚨 Trade Update 🚨
I’ll be sharing trade analysis on the 4H time frame separately 🕓 — plus updates on the coins we’ve been trading since last month 📈.
🔒 I won’t be posting trades on coins I don’t see strong potential in, especially newly listed ones. I’m here to play it smart and keep it safe for all of us 🛡️📊.
📣 Don’t forget to LIKE, COMMENT, and SHARE this post with your friends and family so they can also benefit 🙌 — and remember, always take full responsibility for your trades 🤝.
🔥 $ETH analysis coming next, right before $SUI – stay tuned!
🎥 Live sessions are coming soon, get ready! ❤️