#BTC
Bitcoin at Critical Juncture: Weekly Chart Analysis
๐ Key Pattern: BTC has touched the same critical price zone for the third time on the weekly chart, signaling a potential major breakout or rejection ahead.
Two Likely Scenarios:
1๏ธโฃ Classic Rejection Area with Bullish Accumulation
ยท Repeated rejections suggest strong selling pressure from large players at profit-taking levels
ยท However, consistently higher lows indicate underlying accumulation in a long-term uptrend
2๏ธโฃ Final Retest Before Major Move
ยท This zone could be a final support test before the next directional move
ยท Holding above key support = bullish structure intact
ยท Breaking below = risk of deeper correction
๐ฏ The Bottom Line: The overall market structure remains bullish. A true trend reversal would require losing deeper support levels.
Alert: The weekly chart is setting up for a significant move. Watch for confirmation in the coming sessions.
