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BTCUSD Weekly Chart Analysis – next possible Bottom & Top
Based on previous price pattern and technical indicator (Dual Volume Divergence Line), I anticipate Bitcoin forming a local bottom within the next 6-8 weeks around the previous top 73.777 USD in order to test it. This projection aligns with the previous market cycle, where similar consolidation has led to strong upward movement.Support Level: Bitcoin is approaching key support zone that has acted as a resistance before the last upward trend.Market Cycles & Timing: Comparing past cycles, BTC has shown a tendency to bottom in similar timeframes before initiating a strong rally.Technical Indicator: Dual Volume Divergence Line middle band hasn't yet shown red, a bearish momentum. To confirm a bottom first, it needs to appear, then a higher bottom. And finally, a potential reversal.If this pattern holds, we could see a significant rally towards the year-end, potentially reaching new highs or retesting previous peaks. However, market conditions and external factors always play a role, so this analysis is purely for educational purposes and not financial advice.
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