@alprince
BTC / USDT ā Weekly Outlook
Bitcoin is currently undergoing a healthy corrective phase within a larger bullish structure. Price has pulled back into a high-confluence demand zone, aligning perfectly with key Fibonacci retracement levels and the rising trendline.
š Key Support Zone (Buyers Area):
$86,000 ā $90,000
This zone overlaps with the 0.618 ā 0.786 Fib retracement, a classic area where strong reactions usually occur in bull markets.
š Bullish Scenario:
As long as BTC holds above the demand zone and respects the ascending support, a continuation toward new highs is the high-probability outcome.
šÆ Upside Targets:
Target 1: $121,225
Target 2: $141,058