Bitcoin Weekly Chart Summary (as of May 6, 2025)

55

  • Trend: Bullish, inside a rising parallel channel.
  • Price: ~$93,767, facing resistance near $95K–$100K.
  • Support Zones: 88K, $80K, $73K.
  • Breakout: Confirmed from descending wedge; above major EMAs.
  • RSI: Neutral-bullish (~57), room for upside.
  • ADX/DMI: Positive trend, but flattening—watch for momentum shift.
  • Volume: Declining—needs breakout confirmation with strong volume.
  • Key Level to Watch: Close above $95K may target $110K–$120K; drop below 88K risks retracement.


Let me know if you'd like trade ideas or projections.

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