BTCUSD Rebounds from Demand — Eyes on 103k

After analysing the weekly chart of PEPPERSTONE:BTCUSD , price has clearly bounced from a well‑defined demand zone and the lower boundary of a respected ascending channel. This reaction keeps the broader structure intact and supports a continuation toward the next supply zone at 103,323.98.

Conversely, if price breaks below 49,018.00, the bullish structure would fail, opening the path for a deeper decline toward the lower demand zone at 31,848.22.
For now, the current market structure remains constructive, favouring a move toward 103k as long as price holds above the key support levels.