$BTC | Updating the Weekly Support Level 📊


BTC needs to spend more time consolidating above this weekly support zone before the next major upside leg can begin.
Buying volume is starting to emerge on the daily timeframe, which is an encouraging early sign. However, I’m still waiting for stronger confirmation from the weekly timeframe, as sustained weekly buying volume would add much more conviction to the bullish case.
If this support level continues to hold and BTC accumulates within this range for the next 4+ weeks, the probability of a bullish breakout toward higher levels increases significantly. 🚀📈
On the flip side, if BTC loses this weekly support zone, we can expect price to revisit the monthly demand zone, where buyers may step in once again.
For now, the key is patience — let the market build a solid base before anticipating the next directional move.
BTC-3.54%
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