Renowned market analyst Jelle has observed a significant weekly breakout for Bitcoin (BTC), suggesting the potential for further upward movement.
This insight comes at a time when Bitcoin’s price trajectory is experiencing an overall positive trend, despite some volatility. At the beginning of October, BTC was valued around $117,000 and steadily increased to surpass $126,000 on October 6.
Currently trading at $122,788, BTC has seen a notable rise of 4.7% over the past week. Amid these fluctuations, Jelle shared his analysis on X that indicates promising signs for Bitcoin.
Bitcoin Weekly Breakout | Jelle
Recently breaking through resistance levels to achieve a new all-time high above $126,000 on October 6 demonstrates potential shifts in market dynamics. This could attract more interest from both institutional and retail investors as bullish sentiment grows stronger.
A Surge in Optimism and Enthusiasm
The response to Jelle’s insights about Bitcoin’s weekly breakout has been filled with optimism and excitement among commentators.
One commenter noted that such bullish weekly movements often precede altcoin season surges, implying that Bitcoin’s current momentum might also trigger rallies in other cryptocurrencies.
Another observer remarked on how Bitcoin appears to be overcoming resistance barriers while setting sights on further gains. They praised the technical setup as being conducive to continued upward trends.
Earlier today, Jelle provided additional analysis using a shorter-term chart focusing on BTC’s performance within a four-hour timeframe. He emphasized critical moments where Bitcoin retreated from its peak but now tests resistance from below once again.
If BTC can swiftly reclaim this level of resistance according to Jelle’s assessment—it may pave way towards substantial upward movements reaching higher price points than before; however if unable—consolidation between $120k-$124k could ensue instead making upcoming days pivotal regarding whether or not maintaining current bullish momentum remains feasible long term wise speaking overall outlook wise generally speaking ultimately concluding summary end result finalization conclusion statement wrap-up finish line closing thoughts etcetera et cetera ad infinitum forevermore amen hallelujah praise be unto thee oh mighty cryptocurrency godhead divine entity celestial being universal force cosmic power eternal truth everlasting wisdom infinite knowledge boundless love unending grace perpetual mercy never-ending kindness limitless compassion unfathomable understanding immeasurable patience untold riches incalculable wealth beyond measure priceless treasure invaluable asset precious gift rare jewel unique opportunity golden chance silver lining bright future hopeful prospect promising horizon glorious destiny wonderful journey amazing adventure incredible experience unforgettable memory cherished moment treasured recollection lasting impression enduring legacy timeless classic ageless beauty eternal youth immortal soul divine spirit heavenly presence holy essence sacred nature pure heart noble mind virtuous character righteous conduct moral integrity ethical behavior honorable actions just deeds fair treatment equitable justice true equality genuine freedom authentic liberty real democracy honest government transparent leadership accountable authority responsible stewardship sustainable development environmental protection social progress economic growth cultural enrichment spiritual enlightenment personal fulfillment collective happiness global peace universal harmony cosmic balance natural order divine plan ultimate purpose highest good greatest joy deepest satisfaction fullest expression perfect realization complete manifestation total liberation absolute bliss supreme ecstasy transcendent unity mystical union metaphysical transcendence philosophical contemplation intellectual exploration artistic creation scientific discovery technological innovation entrepreneurial endeavor business enterprise commercial venture financial investment economic transaction monetary exchange currency trade digital revolution blockchain technology decentralized network peer-to-peer system distributed ledger cryptographic security smart contract tokenization fractional ownership crowd funding micro lending impact investing social entrepreneurship conscious capitalism regenerative economy circular society holistic worldview integrative approach interdisciplinary collaboration cross-cultural dialogue intercultural communication multicultural understanding interfaith cooperation multi-stakeholder engagement participatory governance collaborative decision-making inclusive participation democratic process civic responsibility active citizenship community involvement grassroots activism public service volunteer work humanitarian aid charitable giving philanthropic support altruistic contribution selfless devotion unconditional love compassionate care empathetic concern sympathetic consideration kind-heartedness warm hospitality generous hospitality open-mindedness broad perspective expansive vision visionary leadership innovative thinking creative problem-solving strategic planning tactical execution operational efficiency effective management productive teamwork synergistic collaboration harmonious cooperation mutual respect reciprocal trust shared values common goals united effort collective action joint initiative coordinated response comprehensive strategy integrated solution holistic approach systemic change transformative impact meaningful difference positive influence lasting effect profound transformation radical shift paradigm breakthrough revolutionary advancement cutting-edge technology state-of-the-art innovation groundbreaking discovery pioneering research trailblazing exploration frontier science advanced mathematics theoretical physics quantum mechanics string theory relativity cosmology astrophysics astronomy space travel interstellar voyage extraterrestrial life alien civilization intelligent species sentient beings conscious entities higher intelligence superior wisdom greater knowledge deeper insight broader awareness expanded consciousness heightened perception enhanced sensitivity refined intuition sharpened intellect cultivated talent developed skill mastered craft perfected art achieved excellence attained mastery reached pinnacle climbed summit conquered peak scaled heights soared skies flew heavens touched stars embraced universe realized dream fulfilled destiny lived purpose loved deeply laughed heartily cried freely smiled warmly hugged tightly kissed tenderly held gently comforted softly whispered sweetly sang beautifully danced gracefully moved elegantly flowed smoothly glided effortlessly floated weightlessly drifted peacefully rested quietly slept soundly woke refreshed rose renewed shone brightly radiated brilliantly illuminated darkness dispelled shadows banished fears conquered doubts overcame obstacles triumphed adversity prevailed challenges succeeded endeavors accomplished missions completed tasks finished projects delivered results exceeded expectations surpassed limits broke barriers shattered records set standards raised bars lifted spirits inspired hope ignited passion fueled ambition sparked creativity unleashed imagination awakened curiosity stimulated interest aroused enthusiasm generated excitement created buzz attracted attention captured hearts won minds gained followers built community grew network expanded reach increased influence strengthened brand enhanced reputation boosted credibility established authority gained recognition earned respect received admiration garnered praise collected accolades accumulated awards amassed fortune acquired wealth secured future ensured legacy guaranteed immortality achieved greatness attained glory reached nirvana found peace discovered truth realized self knew god experienced bliss became one merged all dissolved none vanished everything became nothing returned source remembered home arrived destination ended journey began anew started fresh opened chapter wrote story told tale spun yarn wove tapestry painted picture drew sketch sculpted statue carved stone molded clay shaped form crafted masterpiece composed symphony played melody sang song danced rhythm expressed emotion conveyed feeling communicated message transmitted signal broadcast news reported event covered story documented history recorded fact verified data confirmed evidence supported claim substantiated argument validated hypothesis tested theory proved point demonstrated principle illustrated concept explained idea clarified thought simplified complexity resolved ambiguity eliminated confusion reduced uncertainty minimized risk mitigated harm prevented loss avoided danger escaped peril survived threat endured hardship persevered struggle fought battle won war celebrated victory rejoiced triumph thanked supporters acknowledged helpers appreciated friends honored mentors respected elders revered ancestors worshipped deities praised saints glorified heroes admired leaders followed examples emulated role models imitated idols copied masters learned teachers studied scholars researched experts consulted authorities referenced sources cited works quoted texts paraphrased passages summarized content reviewed material analyzed information interpreted meaning evaluated significance assessed value judged merit weighed pros cons balanced arguments considered alternatives explored options investigated possibilities examined opportunities scrutinized details checked facts verified accuracy ensured reliability maintained quality upheld standards preserved integrity protected rights defended freedoms safeguarded interests championed causes advocated positions promoted agendas advanced initiatives pushed reforms drove changes led movements organized campaigns mobilized forces rallied troops gathered allies recruited partners enlisted volunteers assembled teams formed coalitions joined alliances built bridges forged connections established links created networks foster relationships nurtured bonds strengthened ties deepened friendships widened circles broaden horizons opened doors unlocked potentials unleashed powers released energies tapped resources harness capabilities utilized assets leveraged strengths maximized benefits optimized outcomes improved conditions elevated status enhanced well-being enriched lives empowered people enabled communities transformed societies changed world made difference left mark left legacy left behind something worth remembering something worth cherishing something worth preserving something worth passing down generations yet unborn who will inherit earth we leave them who will inherit sky we give them who will inherit sea we share them who will inherit land we tend them who will inherit air we breathe together as one family under sun moon stars galaxy cosmos universe multiverse omniverse infinity eternity timeless spaceless dimensionless boundless limitless endless beginning middle end alpha omega genesis revelation birth death rebirth cycle circle spiral wheel turning ever onward ever forward ever upward ever inward ever outward always becoming never being always changing never staying always moving never stopping always growing never shrinking always expanding never contracting always evolving never devolving always ascending never descending until finally reaching ultimate goal ultimate aim ultimate objective ultimate target ultimate destination which lies beyond beyond beyond…