Can you provide a detailed explanation of Daniel's 70 weeks prophecy and its significance in biblical prophecy?

The 70 weeks prophecy in the book of Daniel foretells a period of 490 years that is divided into different segments. It is significant in biblical prophecy because it predicts the coming of the Messiah and provides a timeline for key events in history, including the rebuilding of Jerusalem and the crucifixion of Jesus Christ. This prophecy is seen as a powerful confirmation of the divine plan and the fulfillment of God's promises.