BTCUSD - Weekly Bullish Momentum Targeting $115K, Eyeing $137K

I'm currently observing a strong bullish structure on the weekly timeframe for Bitcoin, trading at $107,305 at the time of writing. The current weekly candle shows aggressive buying pressure, and if this momentum sustains through the close, we could see a continuation toward the $115,200 level.

There’s visible liquidity and unfilled price action around $109,500, which I expect to be taken out as price moves upward. Once cleared, Bitcoin could either:

1. Continue straight to \$115K+, or
2. Briefly retrace before resuming the uptrend.

From a Fibonacci retracement perspective, BTC previously pulled back to the 38.2% level ~$76,000 before launching into the current leg up, a classic continuation signal within an uptrend.

Given the current price action and historical behavior, I’m targeting the following levels:

Short-term target: $115,200
Long-term target (multi-month): $137,200-$137,300

Stop loss and entry would depend on the timeframe of execution, but from a weekly structure, invalidation would occur if BTC breaks below the last major higher low around $98,000-$96,000.

Let’s see how this weekly candle closes. If the momentum holds, the next leg could already be unfolding.