$BTC
Weekly Technical Analysis
After noticeable fluctuations, Bitcoin maintained support around $105,500–$105,600 towards the end of the week. This shows the market's need for a daily close above this area to maintain positive momentum.
The "Rekt Capital" index pointed out the breakout of the weekly descending trendline and indicated that a daily close above $106,600 could reinforce the continuation of the upward trend.
An increase in liquidity and intense short liquidations of up to $15 billion is expected, which could create an upward "spark" upon a strong breakout towards $110–$110.5.
