BBTC/USDT Weekly Analysis
Bitcoin continues to respect the 50 EMA on the weekly timeframe — a key dynamic support level that has consistently held throughout this bullish structure.
Each time BTC corrected, it found support near the 50 EMA before bouncing back with strength. The current structure mirrors past price action, with price again rebounding from the EMA after a consolidation phase.
We’re also seeing a pattern of lower highs forming a potential descending resistance line. A breakout above this trendline could trigger a fresh rally, possibly taking BTC to new highs.
As long as Bitcoin stays above the 50 EMA, the mid-to-long-term bias remains bullish. A confirmed breakout above the descending resistance could open the door for a strong upside continuation.
DYOR, NFA
Thanks for following along — stay tuned for more updates!
Bitcoin continues to respect the 50 EMA on the weekly timeframe — a key dynamic support level that has consistently held throughout this bullish structure.
Each time BTC corrected, it found support near the 50 EMA before bouncing back with strength. The current structure mirrors past price action, with price again rebounding from the EMA after a consolidation phase.
We’re also seeing a pattern of lower highs forming a potential descending resistance line. A breakout above this trendline could trigger a fresh rally, possibly taking BTC to new highs.
As long as Bitcoin stays above the 50 EMA, the mid-to-long-term bias remains bullish. A confirmed breakout above the descending resistance could open the door for a strong upside continuation.
DYOR, NFA
Thanks for following along — stay tuned for more updates!
Nota
BTC looks ready to push toward a fresh all-time high.Cheers the move....🥂
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.