Bitcoin (BTC) is urgent greater this week – and dealer DonAlt summed it up in 4 phrases: “We like to see it.”
As of Thursday, BTC is buying and selling round $95,650, up over 2% on the week. The value has steadily climbed from its weekly opening at $93,723, tapping a excessive close to $95,815 up to now. The chart is evident: consumers are in management.
The breakout above the $90,787 stage final week put bulls again within the driver’s seat. This week’s candle is confirming that power with a clear push greater, now approaching the most important resistance zone between $104,485 and $108,000. That stage marked the highest earlier this cycle – and it has not been examined since.
$BTC replace:
We like to see it pic.twitter.com/GlIFeA8TyP
— DonAlt (@CryptoDonAlt) Could 1, 2025
To date, Bitcoin has revered the construction. The earlier vary highs have flipped into assist, and worth is marching greater with minimal drawdown. There isn’t any parabolic transfer, no wild volatility – simply regular, directional stress. That in itself is a robust sign.
The query now could be whether or not this momentum will proceed via the remainder of the week. If the market closed close to its present ranges this week, that may be spectacular.
But when it breaks above $104,000, it wouls be a complete new scenario. That will put BTC again into uncharted territory, with little in the best way of resistance above.
Then again, rejection at this zone wouldn’t be stunning both. It’s a logical place for profit-taking – and for late longs to get punished if they’re too aggressive.
Nonetheless, Bitcoin just isn’t displaying indicators of weak spot proper now. The pattern is up, the construction is unbroken and the market is leaning bullish into the weekend. It’s Thursday, and up to now this weekly candle is doing precisely what the bulls wanted. Clear, assured and pushing towards the 12 months’s key stage.
As DonAlt put it: we like to see it.
