Bitcoin chart on the weekly timeframe, we can see that price continued its bullish expansion and successfully rallied up to the $71,300 level. After this strong move, Bitcoin is currently trading around the $68,500 area, which can be considered a healthy corrective phase within the broader uptrend.
All previous assumptions of the analysis remain valid. As long as price holds above the key $66,000 demand zone, the bullish structure stays intact, and we can expect further upside once consolidation is completed. The recent pullback does not invalidate the bullish scenario and instead supports a continuation-based setup.
This chart will continue to be updated step by step as price reacts to key levels.
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