Weekly chart shows a clean break above the descending trendline, followed by a swift reclaim of the range. Price is now pressing the $350–$400 breakout band. Holding this area on higher timeframes flips the bias decisively up. With AI narrative strength and the halving ahead, the path of least resistance is higher while key supports hold.
Support: $300 (major), then $296 (prior range floor).
Pivot/Acceptance Zone: $373–$400 (win the weekly close here = momentum leg).
Resistance/Targets: $500 first, then $704 extension; $700–$1,000 on continued trend.
Invalidation: Weekly close back below $350 = momentum stalls; below $300 = back to value.
Expect volatility; size with respect to invalidation, not hope.
Support: $300 (major), then $296 (prior range floor).
Pivot/Acceptance Zone: $373–$400 (win the weekly close here = momentum leg).
Resistance/Targets: $500 first, then $704 extension; $700–$1,000 on continued trend.
Invalidation: Weekly close back below $350 = momentum stalls; below $300 = back to value.
Expect volatility; size with respect to invalidation, not hope.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.