Bitcoin Bull Market Target And Bottom Analysis

Bitcoin Weekly Chart Analysis

Current Status: Expansion Block
#BTC is currently navigating within the expansion block, and signs point to a potential rejection around the $47,000-$48,000 range.

Red Box: Correction Block
Anticipating a correction phase, with a possible retracement to $31,000 if Bitcoin faces rejection at the $48,000 level.

Retracement Scenario: Opportunity Beckons
Following this retracement, we brace ourselves for the next bull run. This dip could present excellent buying opportunities for astute investors.

Next Bull Run Projection: Green Box
Envisioning a bullish zone in the green box, with expectations reaching around $150,000 in the next significant uptrend.

Key Levels:
Support: $31,300
Resistance: $47,000-$48,000