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Bitcoin is at a crucial point and the weekly closure could define the next step. In order to confirm bullish continuation and to strengthen market confidence, BTC has to secure a solid weekly Closes $ 107,720.
Bitcoin weekly candles could form the stage for a run
Bitcoin is approaching a make-or-break-moment, but if BTC can protect a strong weekly close to $ 107,720, it could activate a movement to the range from $ 130,000 to $ 135,000 in Q3. This important level works as a resistanceAnd the breaking could unlock a new wave of Bullish Momentum.
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Sathememe_Expert unveiled On X that a similar arrangement had appeared in Q4 2024, when BTC placed its biggest weekly closing of the year. The result was one not to stop rally That shattered resistance and fed one of the strongest bullish legs of the cycle.
The weekly graph shows that Bitcoin acts in a well -defined historical parallel channel. When named By Pinnacle_Crypto, this channel has previously marked a breakout point in October 2023 and October 2024, which was fueled upward movements. If this pattern continues, BTC can be on its way to reach the goal of $ 150,916 in October 2025. The channel offers a route map, with key Breakouts that signal The start of rallies. In addition, price dips will serve as accumulation zones.
Crypto analyst GEMBT too marked The Bitcoin’s graph of 1 hour is currently in a downward trend, but the price tries to bounce a support zone near $ 106,500. Until now, this area is fixed and it provides a basis for buyers to step in and technical indicators support this potential shift.
The relative strength index (RSI) recovers from over -sold levels and hinted that the selling of Momentum is decreasing, while the advancing average convergence -Divergtie (MACD) -indicator is approaching a bullish crossover, which can indicate the start of the upward momentum. However, in order to keep a meaningful reversal, BTC has to overcome the critical Resistance near $ 108,500. A breakout above with sustainable volume will be crucial to confirm the trend and the bullish momentum.
Consolidation phase matures – the outbreak can be on your hands
BTC consolidates in a falling channel formation on the daily graph, a pattern that usually reflects a phase with a wider trend. Dynamite dealer emphasized That BTC is currently being traded above the 50-day advancing average (Mon 50), a technical level that is now solid for the bulls.
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An outbreak above the falling channel would mark a shift in sentiment and momentum, making it possible to be a bullish continuation in the direction of the $ 120,000 region, the next psychosocial target on the macro graph.
According to To Miracrypto, Bitcoin has shown a strong outbreak of the falling channel on the 1-day graph, Signaling a shift in Momentum. BTC now consolidates above the resistance, which has become support.
This consolidation above the breakout -levels is one Bullish continuation Signal seen before the next leg higher. Miracrypto noted that as long as BTC is holding this zone, the path remains open for a movement to $ 135,000.
Featured image of Istock images, graph of Tradingveiw.com