Bitcoin Weekly · The War Is Not Over
The eternal battle between bears and bulls continues.
When in doubt, zoom out.
Good evening, fellow crypto traders. I hope you're having a great day.
Bitcoin is looking stronger with every passing week.
The bulls are steadily gaining ground, and more importantly, they’re holding it. On the weekly timeframe,
$BTC USDT is delivering its best performance since early March.
Bitcoin is now trading above its February highs and comfortably sitting above the key $70,000 level. As long as we remain above this psychological and technical threshold, the advantage clearly belongs to the bulls.
The first half of the week started with some weakness, but buyers stepped in aggressively. We’re now closing the week in the green — and this move higher feels like it’s only just getting started.
It’s always encouraging to see a week that begins red and finishes green.
That said, it’s still early. The bullish structure is forming nicely, but we’re not out of the woods yet.
Key observations on the weekly chart:
A clear rounded bottom (cup pattern) is taking shape.
After an extended period of red candles, the action is finally turning green.
Price continues to respect major support levels.
What looked like the worst-case scenario is now transitioning into one of the strongest possible setups.
We can also see a textbook ABC correction on the weekly timeframe, the same irregular correction I highlighted recently on the monthly chart. The proportions are excellent, with Wave B finishing higher than the start of Wave A, a classic irregular flat.
Now, for the real fireworks: take a look at the weekly MACD.
If you’re a bear, it might ruin your thesis.
If you’re a bull, it might just confirm everything you’ve been hoping for.
The weekly MACD is painting a very clear picture of what’s likely coming next.
So… what does it actually say?
#BTC #bitcoin #TrendingTopic #BullishMomentum