$BTC Technical analysis of BTC in Weekly (1W) 📊🔥bull-run

🪙 BTC Technical Analysis — Weekly
$BTC ‌
📍 Current situation

Current price: ~71,800 $

Timeframe: Weekly

Structure: Correction within a bull market

Clear observations:

A strong upward impulse up to ~120K

Then a violent correction

Now the price stabilizes around the key level 0.5 Fibonacci

📐 Important Fibonacci levels

According to your chart:

🔴 0.5 → ~70K (Current major support)

🟡 0.618 → ~60K (Critical support)

🟢 0.786 → ~40K-45K (Extreme support if a crash occurs)

👉 BTC is exactly on the 0.5 support. It’s a zone where whales often accumulate

📈 Market structure

Noticing:

1. Long-term trend still bullish

Higher Highs respected

Weekly MA (blue line) = dynamic support

BTC: Corrects

Lies on the moving average

Generally prepares the next impulse

🐳 What whales are doing currently

Very important:

Violent dump (market fear)

Return to major support

Slow consolidation

👉 This is typically a silent accumulation zone

It’s exactly:

2020 before the bull run

2023 before the 2024 explosion

📊 Possible scenarios

🟢 Bullish scenario (most likely)

If BTC holds 70K

Targets:

85K

100K

120K (retest ATH)

140K — 160K (possible cycle peak)

🔴 Bearish scenario

If BTC breaks 70K

Next zones:

60K (0.618)

50K (psychological zone)

45K (extreme support)

But currently: 👉 The structure remains bullish

🧠 Market Psychological Reading

Currently:

Retail: fear

Whales: accumulation

Market: compression

➡️ Generally, this indicates a big explosion is coming

🔥 Very Important Signal

You notice:

Sharp drop

Then small weekly candles

Decreasing volatility

👉 This often precedes a major impulse

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My Personal Opinion (as if I’m translating for myself)

I see:

Weekly accumulation zone

Major support respected

Bullish structure intact

➡️ I expect: a gradual bullish rebound then an explosive move

🧭 What pros are watching now

The confirmations:

Break 75K

Break 80K

Growing weekly volume

If this happens: 👉 The bull run seriously resumes