The analysis focuses on Bitcoin's weekly chart, highlighting its position above the bull market support band and 50-week moving average, now at $103,000. A successful weekly close above the 20-week SMA, currently around $114,000, indicates bullish momentum. Failure to maintain position above $103,000 level and a weekly close below $78,000 is going to lead to a negative outlook. Currently Bitcoin is trading at $115,238. Bitcoin dominance has been incrementally increasing to the level of 59% and any failure for Bitcoin to maintain position above 57.25% would invalidate the analysis.