According to analyst @TATrader_Alan, Bitcoin's (BTC) weekly chart is currently displaying a Power of Three (PO3) pattern that remains in play. This technical analysis concept, often referred to as accumulation, manipulation, and distribution, suggests a structured price movement. Based on the chart shared by @TATrader_Alan, the completion of this pattern could lead to a significant upward price trajectory for BTC. Traders are monitoring this weekly formation for potential cues on Bitcoin's next major directional move.

According to Trader Tardigrade, Bitcoin is nearing the green box which signifies the Distribution phase in the Power of Three (PO3) pattern. This indicates a critical phase where traders might expect a shift in market dynamics, influencing potential trading strategies.