#BTCUSD Weekly Analysis
Period: Wednesday 16 April to Sunday 20 April 2025
Bitcoin is currently trading below a Strong Resistance Zone between $85000 and $86400 indicating potential #Bearish pressure ahead.
As long as #BTCUSD remains under this resistance area, we expect downside continuation.
📉Bearish Scenario:
If price fails to break above $85000, it may continue its decline with:
📉Target 1: $80500
📉Target 2: $77500
Further pressure could push price into the key Support area between $74000 and $75500.
📈Bullish Outlook: Only a solid breakout above $86400 with strong momentum could invalidate this bearish setup and open room for new highs.
📊Key Levels to Watch:
📈Resistance Zone: $85,000 / $86400
📉Support Zone: $7000 / $75500
📊Key Pivot: $82240
📊Trend Outlook: Bearish below resistance Watch for rejection confirmation around $85K to enter short
Follow Gold Global Club for more high-quality weekly insights. Drop your thoughts in the comment bullish or bearish?
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Period: Wednesday 16 April to Sunday 20 April 2025
Bitcoin is currently trading below a Strong Resistance Zone between $85000 and $86400 indicating potential #Bearish pressure ahead.
As long as #BTCUSD remains under this resistance area, we expect downside continuation.
📉Bearish Scenario:
If price fails to break above $85000, it may continue its decline with:
📉Target 1: $80500
📉Target 2: $77500
Further pressure could push price into the key Support area between $74000 and $75500.
📈Bullish Outlook: Only a solid breakout above $86400 with strong momentum could invalidate this bearish setup and open room for new highs.
📊Key Levels to Watch:
📈Resistance Zone: $85,000 / $86400
📉Support Zone: $7000 / $75500
📊Key Pivot: $82240
📊Trend Outlook: Bearish below resistance Watch for rejection confirmation around $85K to enter short
Follow Gold Global Club for more high-quality weekly insights. Drop your thoughts in the comment bullish or bearish?
Thanks ❤
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.