Bitcoin may play the same text program that we have seen before, and merchants closely give. Over the past seven weeks, BTC has printed seven straight green candles on the weekly graph. If this seems familiar, it is because the same thing happened in both 2021 and 2023. And such times, the eighth candle this week became red.
This repeated pattern has caught the Crypto Patel, which he referred to on X. He shared a scheme that shows how Bitcoin momentum tends to stop immediately after that seventh green candle. “Bitcoin just printed 7 green weekly candles again … but it failed to print the eighth, just as it was before,” he published. Traders remember what came after that in the past: retreat, some side work, then, in the end, a new leg.
The key now is whether the Bitcoin price can increase the current support range, which ranges between 98,000 dollars and 102,000 dollars. If so, this may be just a quick break before the next transition. The BTC scheme still shows a strong bullish structure, its highest level, the lowest levels, and there are no signs of collapse yet.
With the presence of Crypto Patel and Cryptobullet, talking about the target of $ 119,000 is to heat again.
The documentary target indicates Fibonchi to $ 119,000 per BTC price
Meanwhile, Cryptobullet has set a bullish structure on the weekly BTC diagram using Fibonacci extension levels. In his analysis, it is noted that Bitcoin has already surveyed 1.272 and is now exceeding the main support/resistance area between $ 98,000 and $ 104,000. This region, which was resistance in late 2024 and early 2025, has now turned into support after a successful re -test.
The Cryptobullet chart determines a clear goal in the 1.618 Fibonacci extension, which is located near $ 119,000. A tweet states, “Wonderful weekly closure! I think $ BTC is ready to rise,” noting the strong closure over the S/R as a positive signal to continue.
BTC market structure and direction confirmation
The direction of the broader market remains in a bullish formation. After the correction in March and April 2025, the Bitcoin price formed a new higher decrease, pushing up, and completing a clean rush step. The post -re -test structure is usually seen as favorable for more gains if buyers maintain control over the main support levels.
The price remained higher than $ 104,000 for several weekly closure, adding strength to the upward issue. Any sustainable step at the bottom of this range can delay the upward movement, with a possible negative aspect towards a $ 90,000 region. However, as long as bitcoin remains higher than the inverted support level, technical analysis indicates that there is a continuation of higher levels on the table.
Analysts track Bitcoin support before the following collapse
The region, which ranges between $ 98,000 and $ 104,000, remains the primary focus for merchants who see the next step. If the price of bitcoin maintains its position above this support, The path towards the expected goal becomes 119,000 dollars more logical. Crypto Patel and Cryptobullet shows that although short -term declines are possible, the long -term structure prefers continuing direction, pending confirmation in the coming weeks.
The size, institutional flows, and macroeconomic indicators will remain necessary in determining whether Bitcoin can exceed the patterns of historical candles and finally exceeding their previous levels.
Also read: Why not 1 % of XRP holders may not be rich – and what you should learn from
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