$BTC Weekly Chart โ When Is the Bottom In?
If you want to know where the market is heading, you need to zoom out. The daily chart is useful, but the weekly chart gives you the bigger picture.
Bitcoin moves in cycles. Corrections and bear markets are a normal and healthy part of every cycle. They shake out weak hands, reset market sentiment, and create the foundation for the next bull run.
So, where is the bottom?
One of the indicators I use is the Weekly RSI (Relative Strength Index). It helps identify when Bitcoin is oversold or overbought.
Historically, every major Bitcoin correction has pushed the Weekly RSI into the oversold zone at least once before a long-term bottom was formed. Those historical bottoms are marked by the white lines on the chart.
Could Bitcoin still drop to $50k? Absolutely. It's a realistic possibility.
However, I believe the $50kโ$55k support zone (highlighted in yellow) is likely to hold, and that's where I expect Bitcoin to establish its cycle bottom.
My strategy
Personally, I'm DCA'ing (Dollar-Cost Averaging) into Bitcoin whenever the price drops below $60k. Trying to perfectly time the bottom is almost impossible, so I'd rather accumulate over time.
What could trigger the next bull run?
Once the bottom is in, all we need is a major catalyst to send Bitcoin back toward a new all-time high.
Possible catalysts include:
โ The Clarity Act being passed and providing regulatory certainty for the crypto industry.
โ A peace agreement that ends the conflict involving Iran, Israel, and the United States, reducing geopolitical uncertainty.
โ An end to the RussiaโUkraine war, improving global market sentiment.
No one knows exactly where the bottom will be, but history shows that buying during periods of fear has often been rewarded over the long term.
Today we celebrate someone who has captured millions of hearts around the worldโฆ
Happy Birthday, Fu Bao! ๐๐
From a tiny cub to a global panda superstar, Fu Bao has brought joy, smiles, and unforgettable moments to fans everywhere. Your playful spirit continues to unite people across countries and communities.
Today, letโs celebrate with love, positive vibes, and lots of bamboo! ๐๐
Drop a ๐๐ผ in the comments and wish Fu Bao a wonderful birthday!
Happy Birthday, Queen Fu Bao! ๐ผ๐
May your days always be filled with happiness, endless bamboo, and lots of love from your fans around the world.
The attention is growing. It starts in China, then spreads to the U.S. and Europe as more people discover Fu Bao.
We're still early.
$FuBao
CA: 5jBfqq2VYyzUEMzwASPQp4tdub3RT7xPWnNysEzoq5vg
Today is Fu Bao's 6th birthday! ๐๐ผ
Fu Bao is one of the most beloved pandas in China. His fanbase is so huge that there are two dedicated fan buses, and one of them was specially wrapped to celebrate his 6th birthday today. His popularity is on another level.
I found the OG $FUBAO coin, and it even has a dedicated fan page supporting the project.
This could be one of the biggest attention days of the year for Fu Bao. ๐
CA:
5jBfqq2VYyzUEMzwASPQp4tdub3RT7xPWnNysEzoq5vg
In China, it's already Fu Bao's birthday. ๐ผ๐ He just turned 6 years old!
It's only 12:50 AM there right now, so the real attention will likely come later in the day as Chinese media, zoos, and fans start posting about him.
Over the next 24 hours, there could be a lot of attention on the world's favorite panda. Keep an eye on $FuBao.
Tomorrow is Fu Bao's birthday. ๐๐ผ
Tomorrow, many media outlets and fans will be posting about him again, putting millions of eyes back on the world's most famous panda.
Fu Bao has already broken countless records and built one of the biggest fan bases of any animal on social media.
Right now looks like an incredible entry.
5jBfqq2VYyzUEMzwASPQp4tdub3RT7xPWnNysEzoq5vg