In this analysis, we focus on the weekly Bitcoin (BTC/USD) chart, integrating insights from the 4-hour and daily timeframes to provide a complete view of Bitcoin’s market dynamics. With a bullish bias informed by the current technical structure and historical trends, this analysis also projects Bitcoin’s price trajectory into 2025, emphasizing the potential for substantial upside while briefly addressing downside risks.
Bollinger Bands
The Bollinger Bands on the weekly chart highlight Bitcoin’s current consolidation after a strong rally. The price remains in the upper half of the bands, below the upper band (~105,000). This positioning suggests that Bitcoin is preparing for a continuation of the broader uptrend. The midline (~80,000) has consistently acted as a strong support level throughout this rally, reinforcing the bullish structure.
While the bands are beginning to narrow, this contraction is not yet severe. Historically, such consolidations on the weekly chart precede significant price expansions, favoring further upside if Bitcoin breaks above resistance at 105,000.
