Bitcoin is holding above support but hasn't confirmed a new bull market yet, which is cautiously positive for crypto holders willing to wait a few more weeks.

• Bitcoin bounced cleanly off its rising support line and a horizontal support level, right below the weekly EMA ribbon, a long-running trend indicator that has called every bull and bear market for 15 years.
• The ribbon has turned upward and is expected to flip bullish within the next few weeks, which is the signal that the bear market is over.
• Until then, Bitcoin is expected to trade sideways in a range on a weekly basis, with a weekly close above the top of that range needed to confirm an early breakout.
• Most other technical indicators have already failed in the last cycle, so this ribbon is one of the few reliable signals left.
• Bitcoin is expected to lead the move, with Ethereum and altcoins following once it breaks out; leveraged long positions on both Bitcoin and Ethereum are already in profit and being held.

Outlook: The bear market is expected to end around October, with a bull market confirmed once Bitcoin closes weekly above the EMA ribbon with strong volume.

## Bitcoin Levels

• **Bias:** Bullish — bear market expected to end around October, with a confirmed flip within a few weeks.
• **Buy / accumulate:** $72,000 support (planned long if price breaks lower); otherwise keep adding as price climbs.
• **Support:** $72,000.
• **Resistance:** $78,000 (weekly close above it, with strong volume, confirms an early breakout).
• **Targets:** Consolidation range $72,000–$78,000 for weekly closes over the next few weeks.