According to @CryptoA1Algo, the latest Trend Precognition signal from the A1 Algo on the BTC weekly chart indicates that Bitcoin is approaching a critical support test. The analysis further highlights that, despite current volatility, BTC is unlikely to surpass the $98,000 level this week. A move above $98k would invalidate the current bearish signal, suggesting traders should monitor support levels closely for potential trading opportunities (source: @CryptoA1Algo, Twitter).

According to Material Indicators, Bitcoin has reclaimed the 50-Week Moving Average and R/S flipped the Quarterly Open, triggering a Trend Precognition signal. This suggests that BTC is unlikely to retest previous lows this week. However, Bitcoin bulls face significant technical and liquidity-based resistance, impacting short-term trading strategies. Traders should be cautious of these resistance levels while considering potential entry and exit points.