$BTC Technical analysis of BTC in Weekly (1W) 📊🔥bull-run
🪙 BTC Technical Analysis — Weekly
$BTC
📍 Current situation
Current price: ~71,800 $
Timeframe: Weekly
Structure: Correction within a bull market
Clear observations:
A strong upward impulse up to ~120K
Then a violent correction
Now the price stabilizes around the key level 0.5 Fibonacci
📐 Important Fibonacci levels
According to your chart:
🔴 0.5 → ~70K (Current major support)
🟡 0.618 → ~60K (Critical support)
🟢 0.786 → ~40K-45K (Extreme support if a crash occurs)
👉 BTC is exactly on the 0.5 support. It’s a zone where whales of