BTC. Weekly Candle Hints at New ATHHey traders and investors!
The closing of the weekly candle increases the likelihood of updating the all-time high (ATH).
Weekly Timeframe Analysis
On the weekly chart, the price has formed a range with boundaries:
Lower boundary: 89,256
Upper boundary: 109,588
The weekly candle with a large selling wick within the seller's vector 5-6 dropped below the lower boundary of the range (89,256) but closed above this level. At the same time, this candle had the highest volume in 2025 (!).
The key volume of this candle is concentrated below 89,256 (!) in the 87,000-84,000 range (highlighted by a blue band on the chart).
Another important fact is that the 87,000-84,000 range is within the key candle of the penultimate buyer's impulse on the weekly timeframe (!). This candle had an even larger volume (KC on the chart), which increases the significance of this zone.
The price has reached the level of 50% (78676) of the last impulse on the monthly TF (!).
4 key signals (!) indicate a higher probability of updating the ATH: the candle closing above 89,256, the concentration of volume in the 87,000-84,000 range, and the presence of even greater volume in the key candle of the previous impulse.
Within the range, the current buyer's vector is 6-7, with potential targets at 99,550, 102,500, and 109,588.
To refine entry points, let's analyze the hourly timeframe.
Hourly Timeframe Analysis
The hourly chart shows a strong buyer impulse. The key candle (KC on the chart) is highlighted on the chart. The priority zone for identifying buy patterns is within the key candle range or near 50% of the buyer's impulse, as this level often serves as a support point after a strong movement. It represents a balance between buyers and sellers, where major market participants may show interest in continuing the trend, which corresponds to the 91,200 – 85,100 range (marked with a rectangle on the chart).
I wish you profitable trades!
