Bitcoin (BTC) - WEEKLY OUTLOOK

Bitcoin is currently trading in a bullish zone on both the weekly and daily timeframes. Prices are holding above key support at $92,000, with immediate local resistance at $95,500.

Since we're in a daily neutral zone, be aware that there could be some short-term volatility in the market. A rejection around the $96,000 resistance level is possible, but I believe that we could still see a breakout towards $99,500 or even $102,000.

Key support levels for this bullish setup are at $92,000, $90,100, and $88,000. As long as Bitcoin remains above $88,000, the possibility of a new all-time high (ATH) remains.

The weekly time frame shows a clear uptrend continuing to back the price, with the $79,000-$80,000 area acting as a long-term support zone to keep an eye on. This uptrend is still intact as long as Bitcoin stays above the highlighted yellow zone.

As Bitcoin recovers, the altcoin market should also begin to show more strength.

Personal Trading Plan:

For the time being, I'm concentrating on scalp trades. I'll transition to swing setups and trades on altcoins if we see a successful breakout and retest of resistance, which would indicate more sustained bullish momentum.

Bitcoin - WEEKLY OUTLOOK

Still within the bullish zone on both the weekly and daily timeframes.

Currently, we're seeing a bullish consolidation above the $92,000 zone, with the immediate local resistance at $95,500.

Since we're in a daily neutral zone, be alert for some short-term volatility.

A rejection around the $96,000 resistance level is possible. However, I believe that we could still see a breakout towards $99,500 or even $102,000.

Key supports for this setup are at $92,000, $90,100, and $88,000. As long as BTC remains above $88,000, the possibility of a new ATH remains.

The weekly time frame shows the uptrend continuing to back the price, with the $79,000-$80,000 area acting as a long-term support zone to monitor. This uptrend is still intact as long as BTC stays above the highlighted yellow zone.

This recovery in BTC should also bring more strength to the altcoin market.

Now, let's get technical! The divergence on both the RSI and MACD indicators on the daily time frame suggests that the sellers are losing strength. This increases the probability of a breakout towards new yearly highs.

However, if the sellers manage to push the price below the lower band of the Bollinger Bands, it could signal a continuation of the recent downtrend from the highs.

In the weekly time frame, the RSI indicator is still in the overbought territory, which is a common occurrence during strong bull markets.

As long as the price remains within this highlighted yellow zone, the chances of a major reversal are slim.

The lower time frames indicate that a successful breakout and retest of the resistance level could bring a steeper rise towards the $102,000 zone.

I prefer to focus on scalp trades for now, and I'll switch to swing setups and trades on altcoins if we get a successful breakout and retest above resistance, confirming more sustained bullish momentum.output: #Bitcoin is currently trading in a bullish zone on both the weekly and daily timeframes.

Prices are holding above key support at $92,000, with immediate local resistance at $95,500.

Since we're in a daily neutral zone, be aware that there could be some short-term volatility in the market. A rejection around the $96,000 resistance level is possible, but I believe that we could still see a breakout towards $99,500 or even $102,000.

Key support levels for this bullish setup are at $92,000, $90,100, and $88,000. As long as Bitcoin remains above $88,000, the possibility of a new all-time high (ATH) remains.

The weekly time frame shows a clear uptrend continuing to back the price, with the $79,000-$80,000 area acting as a long-term support zone to keep an eye on. This uptrend is still intact as long as Bitcoin stays above the highlighted yellow zone.

As Bitcoin recovers, the alt