Bitcoin Weekly Outlook (Updated)
$BTC tested the Weekly MA 200 for the third consecutive week and closed just above it despite a -3% weekly candle.
Bullish Factors:
- Strong defense of the Weekly MA 200 for 3 straight weeks
- Bullish RSI divergence forming (similar to 2022 bottom)
- ISM at 54 (4-year high) + Russell 2000 at all-time highs
- Progress on US-Iran peace deal reducing macro risk
Bearish Factors:
- Still trading below the Weekly MA 20 and MA 50
- Bitcoin has dropped after the last 8 FOMC meetings
- Death Cross remains active on the weekly chart
- Inflation still sticky above 4%
- Panic if loose Weekly MA 200 support
Conclusion:
The third weekly test of the MA 200 shows buyers are actively defending this long-term support. However, BTC needs to reclaim the Weekly MA 20 (~$71,000) to invalidate the death cross and confirm a trend reversal.
Until then, the path of least resistance remains range-bound to lower, with the classic 4-year cycle bottom still pointing toward October 2026.
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$Bitcoin 1H Chart: Another bearish ascending channel forming.
$BTC should bounce from current levels toward $65,000.
A downside breakout below $62,500 would likely retest $60,000 - $59,000.
Fresh View on Crypto Market
Bitcoin’s big return era is over.
ETH and SOL’s dominance run is over.
Meme coins’ crazy run is over.
The crypto market is now preparing new leaders for the next mega return cycle.
Here are the sectors to watch:
- AI Narrative Protocols: $NEAR, $RNDR (Render), $VIRTUAL + others → Pick the top leaders
- Cloud Storage / Decentralized Data: $ICP, $AR, $FIL → Pick the top leaders
- Tokenization / Real-World Assets: $XLM + other leaders in the sector
New cycle = New winners.
What you think, which sector will lead next era of crypto.
US Oil surged to $96, up 6% from the day low after reports of multiple explosions at US bases in Bahrain.
Iran’s IRGC has claimed responsibility, stating it conducted “precise and concentrated missile strikes” on US military bases in Kuwait.
In just the last 22 days, the crypto market has erased all its two months gains.
This is exactly why structure matters more than anything.
The charts also suggest heavy manipulation by market makers.
Key Levels to Watch:
- Bitcoin: Support near $65,000, strong support at weekly 200 MA around $61,800
- ETH: Support near $1,800 and $1,400
- Other alts are mostly stuck in range.
But these are just numbers.
Best approach: Make your view for the next 3 years and plan accordingly.
Right now, you can’t call the exact top in US stocks — just like you can’t call the exact bottom in crypto bear markets.
Use proper accumulation & distribution to manage risk.
Understand the pro-crypto President, SEC, CFTC, and new Fed Chair headlines.
Remember: Stocks that looked ugly just 3 months ago are now making new all-time highs.
📈 #NASDAQ Update
Exactly 14 months ago (near 16,500) — when big banks were shouting recession and market crash — we posted this analysis.
Today: NASDAQ is 30,000 😍😍
Soon will share "Chart of Year" - When NASDAQ hit 50,000
Rest Bitcoin surged to $126,000 but fail to hold price.
Now let see where $Bitcoin closed by end of 2026
Remember Bitcoin need to break BTC/Nasdaq ratio at 3.00 for parabolic move.
#MarketUpdate #NASDAQ100 #Trading
L1 Leader in crypto
2017 $ETH
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Next $Near for AI and $XLM for tokenisation.
save, accumulate and Hold for 3 years
$Bitcoin look very ugly with this bearish breakout.
Will it Bear Trap??
First RSI is showing Hidden Bullish divergence but no confirmation till Bitcoin bounce back above $74,000.
Bitcoin/ nasdaq ratio also dropped to 29 months low, means bitcoin not able to outperform Nasdaq from last 29 months.
Nasdaq at all-time high.
Memory stocks once again leading the market and printing money.
$MU surged another 10% today — first time above $600 in history. +100% in the last 36 days , 11x in the last 13 months.
$SNDK also hit above $1,300 for the first time ever — 47x in the last 13 months.
First time memory stocks give feeling of DOT-COM ERA.
$Bitcoin Still trading inside the structure
Resistance: $81,000
Support: $73,000
$ETH
Resistance: $2400
Support: $2200
$81000 + will open short squeeze which may push $BTC towards $84,000 within few hrs..
🇦🇪UAE announces it is quitting OPEC and OPEC+ effective May 1.
This could be the beginning of the end of the OPEC cartel.
The UAE will leave the oil production agreement and regain full control over its own output decisions.
This is a major fracture in the OPEC+ alliance. The UAE has long pushed for higher production quotas and has been frustrated with the group’s cuts.
First major member to exit OPEC+ in years.
Oil markets will be watching this closely — potential increase in global supply ahead.
That could be end of Cartel