📈 BTC/USD Technical Analysis – Bullish Trend with Continuation Setup
The image represents the weekly chart of Bitcoin (BTC/USD) and clearly shows a structurally bullish trend. After a strong upward movement that pushed the price beyond the psychological threshold of $100,000, a technical correction followed, which found solid support in the $72,000–$73,000 area — a level that previously acted as strong resistance and has now turned into support.
🗓️ Cyclical Aspect: April Close and Monthly Setup
The month of April, historically a key cyclical month for Bitcoin, closed strongly above the $93,000 level, which is highlighted in the chart as a crucial price/time level to understand bullish dynamics.
This monthly close strengthens the market’s bullish outlook:
April closed above $93,000 → a sign of structural strength.
The most recent weekly close also confirmed a hold above this level, supporting the hypothesis of a continued upward trend.
🚀 Projection: Breakout of $108,000 and Future Target
The current all-time high is located around $108,000.
A confirmed breakout above this level could trigger a new bullish leg toward the next key target at approximately $134,000, in line with the price extensions shown on the chart.
📊 Key Technical Elements
Cyclical time zones are marked by vertical blue and orange lines, indicating key phases in the market.
Measured retracements and rallies with percentages and key technical levels (support/resistance).
Green and red arrows indicate significant cycle lows and highs.
✅ Conclusion
The current structure of Bitcoin remains strong and bullish.
The fact that the price closed both the month of April and the most recent week above the $93,000 level — a strategic price/time level — serves as additional confirmation of the uptrend’s strength.
A breakout above the all-time high of $108,000 could lead to a new upward leg toward $134,000.
However, if the price were to fall back below $93,000 and confirm a weekly close under that level, we could see a phase of consolidation rather than immediate continuation of the rally.
As long as the price holds above $93,000 on a weekly basis, the bullish scenario remains valid.
The image represents the weekly chart of Bitcoin (BTC/USD) and clearly shows a structurally bullish trend. After a strong upward movement that pushed the price beyond the psychological threshold of $100,000, a technical correction followed, which found solid support in the $72,000–$73,000 area — a level that previously acted as strong resistance and has now turned into support.
🗓️ Cyclical Aspect: April Close and Monthly Setup
The month of April, historically a key cyclical month for Bitcoin, closed strongly above the $93,000 level, which is highlighted in the chart as a crucial price/time level to understand bullish dynamics.
This monthly close strengthens the market’s bullish outlook:
April closed above $93,000 → a sign of structural strength.
The most recent weekly close also confirmed a hold above this level, supporting the hypothesis of a continued upward trend.
🚀 Projection: Breakout of $108,000 and Future Target
The current all-time high is located around $108,000.
A confirmed breakout above this level could trigger a new bullish leg toward the next key target at approximately $134,000, in line with the price extensions shown on the chart.
📊 Key Technical Elements
Cyclical time zones are marked by vertical blue and orange lines, indicating key phases in the market.
Measured retracements and rallies with percentages and key technical levels (support/resistance).
Green and red arrows indicate significant cycle lows and highs.
✅ Conclusion
The current structure of Bitcoin remains strong and bullish.
The fact that the price closed both the month of April and the most recent week above the $93,000 level — a strategic price/time level — serves as additional confirmation of the uptrend’s strength.
A breakout above the all-time high of $108,000 could lead to a new upward leg toward $134,000.
However, if the price were to fall back below $93,000 and confirm a weekly close under that level, we could see a phase of consolidation rather than immediate continuation of the rally.
As long as the price holds above $93,000 on a weekly basis, the bullish scenario remains valid.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.