BTCUSDT Weekly Chart Analysis | Bullish V-Pattern Breakout ?BTCUSDT Weekly Chart Analysis | Bullish V-Pattern Breakout Possible
🔍 Let’s dive into the Bitcoin/USDT weekly setup and map out the current momentum, focusing on a key bullish scenario as price nears decisive levels.
⏳ Weekly Overview
Bitcoin is trading near $119,427, just below a major resistance zone at $119,430. A confirmed weekly close above this level, accompanied by sustained volume, would activate a textbook bullish V-pattern breakout. The V bottom structure is recognized for its aggressive buying pressure — price first sharply reverses from the support zone, then rallies as bulls take control, validated by both price and volume signals.
🔺 Long Setup:
A strong volume-backed weekly close above $119,430 unlocks a 10% move at RR1, projecting further upside toward the next reachable target at $130,000, which acts as a Potential Reversal Zone (PRZ). The setup relies on clean confirmation: breakout, high volume on the weekly, and consolidation above resistance for sustained momentum.
📊 Key Highlights:
- Weekly V-pattern maturation can drive a strong bullish leg if confirmed above $119,430.
- Volume confirmation is vital: look for above-average weekly bars to validate breakout strength.
- Target zone sits at $130k, an area with clustering past liquidity and technical importance (PRZ).
- If the breakout stalls or is rejected, expect price to retest lower bands; first support now sits at $113,000–115,000.
🚨 Conclusion:
A bullish scenario is building, hinging on a weekly close with volume above $119,430. Such confirmation would validate a breakout from the V-pattern and set sights on $130k, where trend participants may look to realize or reassess positioning. Failure at this level could reload bids at key lower supports. Stay sharp for volume cues and structural follow-through.
