
### Technical Analysis of Bitcoin (BTC) in two temporalities
#### Daily Temporality
1. Support and Resistance:
- Ascending Support: A well-defined ascending support line is observed since early February, with touches on key levels around $41,879.19, $51,862.00, and $63,634.46.
- Fixed Resistance: There is clear horizontal resistance at approximately $73,750.08, which Bitcoin has tested several times without success.
2. Moving Averages:
- MA(7): $69,128.19
- MA(50): $65,065.31
- AND(100): $64,764.54
- The current price of $70,439.35 is above all the mentioned moving averages, indicating an upward trend in the short to medium term.
3. Trend:
- The chart shows a clear bullish trend since mid-April, with the price following the ascending support line.
- Currently, the price is very close to the resistance at $73,750.08, suggesting a possible test and potential breakout of this resistance in the near future.
#### Weekly Temporality

1. Support and Resistance:
- Ascending Support: Similar to the daily timing, an ascending support line is observed that remains solid, with key levels around $34,013.54 and $55,335.58.
- Fixed Resistance: The resistance at $73,750.08 remains a crucial level to watch.
2. Moving Averages:
- MA(7): $65,529.28
- MA(50): $43,961.36
- AND(100): $33,177.75
- The current price of $70,439.35 is well above the 50- and 100-week moving averages, reaffirming the strength of the long-term uptrend.
3. Trend:
- The weekly trend shows a pattern of rising highs and lows since early 2023, indicating a sustained bullish trend.
- Recent consolidation around $70,000 suggests accumulation and a possible bullish move towards the $73,750.08 resistance.
### Conclusion
The analysis of Bitcoin on a daily and weekly basis indicates a strong upward trend. The proximity to the key resistance of $73,750.08 suggests that the price could attempt to break this barrier in the near term. Well-defined ascending support provides a solid foundation for future upward moves. It is crucial to closely monitor the price interaction with the mentioned resistance and support levels to confirm the continuation of the uptrend.