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#BTC - Weekly price update: The panic move triggered by th

fulldeg

Updated at: 8 hours ago

{"content":"#BTC - Weekly price update: The panic move triggered by the Israel–Iran conflict appears to be over. 💥 #Bitcoin price action has shown remarkable resilience, with several signals invalidating the bearish $99,000 - $100,000 scenario for now. Key technical observations: ✅ Large tail & retest of the $102,000-$103,000 support ✅ Clean retest of the 1-month bearish channel (H4 view) ✅ Bullish ascending triangle breakout on H1📈 ✅ Breakout & reintegration above the $106,200 key level (Kijun D1 - previously shared) Resistance & support levels (yellow zone to monitor): $104,400 / $105,500 / $106,600 / $108,500 / $109,350 / $110,400 / $111,600 My Current Outlook: Bulls in control above $102,500 (long-term bias) 📈 #Alts could recover if #BTC consolidates above this area. No major changement since many weeks. Weekly: This extended consolidation above $102-$103k, and well above the major $93k (50% fib/weekly support), suggests bulls are preparing for a strong run toward $120k+ (from experience + Ichimoku signals). Sideways action likely between $102.5k-$110k before the next major move. 🟩 A daily candle close above $111,800 = next strong bullish signal & breakout scenario 🟥 A daily close below $105,000 = risk of another dump toward $99,000 Key supports: $98,000-$100,000 $93,000-$94,000 Summary: Despite recent fear, $BTC structure remains bullish on higher timeframes. Stay vigilant for volatility around these levels, and adjust exposure accordingly.","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/16/fb11c9247fe34c2fb69c35cb217bda07.png","https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/16/71ce3007dc0e4ff4acc9231f23c447a7.png"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}

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