$BTC Weekly Log Channel Update โ Still Perfectly on Track to $150Kโ$200K ๐๐
Bitcoin continues to respect the multi-year logarithmic channel like clockwork โ currently riding the upper trend line after a textbook breakout from the 2021 ATH resistance.
Price sits at ~$97,700 with a strong weekly close above $90K, showing zero signs of structural weakness.
Bullish macro setup intact:
โ Clean breakout + retest of $69Kโ$73K as support (2024)
โ Weekly RSI holding above 70 (classic bull market behavior)
โ 200W MA sloping up aggressively, price +280% above it
โ Channel midline (~$75K) now firm long-term support
Targets ahead (channel-based):
โ $150,000โ$165,000 by mid-2026 (channel top)
โ $190,000โ$210,000 full parabolic extension (1.618 fib + channel top)
Bear case only activates on a sustained weekly close below $74K (midline). Until then, every dip is noisy in the grand bull cycle.
Cycle not even close to over โ weโre just getting started.