📰 Bitcoin's path to potentially breaking $100,000 may hinge on this week's weekly close, according to analyst Benjamin Cowen.

The weekly close serves as a critical technical level that could confirm the strength of Bitcoin's current uptrend or signal a potential reversal.

Cowen emphasizes that the closing price this week will be a decisive factor in determining whether Bitcoin can maintain its bullish momentum and potentially reach the $100,000 mark.

This analysis doesn't represent a confirmed price prediction but rather highlights the importance of this specific technical level in Bitcoin's current market structure.

Traders should monitor this week's closing price as it could provide valuable insights into Bitcoin's next directional move.

Source: https://kr.beincrypto.com/bitcoin-breakout-analysis-weekly-close