BTC - Ready for TakeoffBitcoin / TetherUSBINANCE:BTCUSDTVIAQUANTRight now BTC is about to print an extremely important 2-week close. Bulls have done a very good job establishing the right structure to sustain the next leg to the upside. It is still too early to say whether this will just be a local low with BTC seeing a further drop to the bear market low in Q4, or whether this could be the actual bear market bottom. But no matter which scenario plays out, a significant number of signals are triggering simultaneously that suggest Bitcoin is about to see a massive increase in price. Right now that upside range appears to be back toward at least the $70,000 to $74,000 level, but as more price action develops I will be able to more accurately determine where the next macro lower high will form if one more bear market drop is to occur later this year. Let's break down the signals. The first signal is the reclaim of the 100 2-week MA (Blue MA). Bulls have defended this extremely important level and are on track to close above it. This MA is so significant because it can also be viewed as Bitcoin's 200 weekly MA, arguably the most important moving average in Bitcoin's entire history in terms of market structure. Last week Bitcoin closed below this key moving average but did not confirm the breakdown, and this candle has since saved the trend, signaling strong demand at this level. The next signal comes from the candles themselves on the 2-week chart. One of my favorite price action patterns to watch for significant lows or highs is a reversal doji combined with a wick-off top or bottom. In this case, Bitcoin printed a 2-week reversal doji, then formed a wick-off low, and has since rebounded back above the open. This is generally an extremely bullish signal and should give price the fuel needed to begin the next leg to the upside. In addition to that, a beautiful 2-week bullish divergence is forming. Price created a lower low while the 2-week RSI simultaneously created a higher low. This shows that even as price pushed to new lows, the underlying selling pressure was weakening rather than strengthening. That kind of divergence on a timeframe as significant as the 2-week chart is a powerful signal that momentum is shifting in favor of the bulls, and it has historically preceded some of Bitcoin's most significant trend reversals. Bitcoin is also respecting the bottom of the support zone on the Power Law chart. This comes right after hitting a low of $57,800 on July 1st. This low is particularly crucial as it landed within $30 of the 0.618 Fibonacci level I predicted would form the bottom zone for Bitcoin within my "Golden Zone". To review that idea you can find it here: One final signal worth pointing out is why the $63,300 level is so significant on the 2-week chart. It marked the cycle top (candle bodies) in 2021. It also played a very important role with candle closes in 2024. And here price is once again, with Bitcoin flirting with that exact same level. Price closed the last 2-week reversal doji right at that level, and now price is closing right above it on this 2-week print, confirming it as support and giving yet another signal that a rally is inbound: Be prepared. It is likely Bitcoin sees a massive rally starting this week.