Bitcoin
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BTC/USDT Weekly Chart !!

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BTC/USDT Weekly Chart

Structure: The chart shows a complete market cycle – a deep correction (approximately -85%), followed by a strong recovery and breakout.

Current Area: Bitcoin is trading around $114K–$115K, holding above the 111K weekly MA (support).

Previous Resistance: The $69K–$71K area (old ATH) has now turned into a strong support zone.

Upward Momentum: From the breakout point (~$71K) to the recent high (~$130K), BTC gained approximately +86%, indicating strong bullish momentum.

Perspective: As long as the price remains above the $111K MA and does not lose support at $100K, the overall trend will remain bullish, and a retest of $130K–$135K is possible.

DYOR | NFA

Penafian

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