Abstract:Bitcoin continues to push higher in its bullish trend, currently traded around 107,337.84 and steadily approaching the key resistance zone. The latest weekly candle is bullish, signaling sustained buy
Bitcoin continues to push higher in its bullish trend, currently traded around 107,337.84 and steadily approaching the key resistance zone. The latest weekly candle is bullish, signaling sustained buying interest as momentum builds toward a breakout.
The recent candle formed a solid bullish body, showing upward commitment as price targets the resistance at 110,541.66. BTC remains well-supported above the 20-week EMA, and the bullish structure remains intact. The MACD histogram continues to climb, with both MACD and signal lines expanding higher, suggesting improving medium-term momentum.
While price hasn't broken the resistance yet, the lack of selling pressure near current levels is a positive signal. Bulls appear to be in control, and a clean breakout above 110,541.66 could open the way for a move toward all-time highs. As long as price stays above the key support at 93,146.74, the uptrend scenario remains valid.
Market Observation & Strategy Advice
1. Current position: 107,337.84, approaching resistance with strong bullish weekly close.
2. Resistance: 110,541.66, a key multi-week ceiling that has capped recent rallies.
3. Support: 93,146.74, aligned with previous consolidation and EMA zone.
4. MACD histogram continues to rise, signaling growing bullish momentum after prior slowdown.
5. Trading Strategy Suggestions:
Breakout confirmation: Consider long positions if price breaks and closes above 110,600 with strong volume.
Support-based entry: Watch for pullbacks near 100,000–98,000 for possible buy opportunities.
Protective stop: Place stops under 93,000 support in case of unexpected bearish reversal.
Market Performance:
Crypto Last Price % Change
LTCUSD 84.57 −0.12%
ETHUSD 2,421.0 +0.05%
Todays Key Economic Calendar:
DE: GfK Consumer Confidence
US: Durable Goods Orders MoM
US: GDP Growth Rate QoQ Final
Risk Disclaimer: This report is for informational purposes only and does not constitute financial advice. Investments involve risks, and past performance does not guarantee future results. Consult your financial advisor for personalized investment strategies.