Bitcoin (BTCUSD) has held its 1W MA20 (red trend-line) to perfection and closed last week in green for the first time after 3 straight red 1W candles.
As discussed in previous analyses, the 1W MA20 is critical to BTC’s bullish trend as it is the trend-line that supported every final parabolic rally on its previous Cycles.
Even on the current Bull Cycle, it has been the first (and main) level of Support during the entirety of the 3-year Channel Up. The second one is the 1W MA50 (blue trend-line) and was the ultimate Buy Signal on all three occasions it was hit (or approached), which coincided with a 0.382 Fibonacci retracement test.
Since the last contact the market had with both the 1W MA50 and 0.382 Fib (April 07 2025 Low), Bitcoin has been trading within the Channel’s 0.236 – 0.618 Fibonacci range, which is the zone that has dominated the price action for most of the Bull Cycle. It broke below or above it 4 times, twice below it in the early stages of the Channel Up and as the Cycle’s strength accelerated, twice above it to form Higher Highs.
Those Higher Highs have been the mid-Cycle ‘Profit taking Zones’ (red Triangles), where traders/ investors were encouraged to book quarterly profits and wait for a lower buy opportunity o the 1W MA50/ 0.382 Fib Support Cluster.
Once again, this is were we expect this upcoming final BTC rally to peak. Technically, even if we see a highly aggressive rise starting now, this Zone should be at $140k and above. Profit taking is a personal matter to each trader, depending on their risk tolerance and how low/ soon they entered the market, but this chart can serve as a reminder on their profit taking strategy.
So are you booking your profits soon for this Cycle? Feel free to let us know in the comments section below!
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