BTCUSD.P – Weekly Technical Analysis (1W Chart)
⚠️ For informational purposes only – not financial advice
📊 Key resistance zone ahead after a strong weekly close
Bitcoin posted a bullish weekly candle, rebounding from the ~74,000 USDT low. Price is currently consolidating around 84,600 USDT, testing the key 85,000–86,000 resistance zone.
Momentum has recovered, but the market is still awaiting confirmation for continuation.
🔍 Technical Highlights:
Price is hovering around EMA10/EMA21 on the weekly chart – a confirmed breakout above could boost momentum.
The previous high (~109,880 USDT) remains distant, but the macro structure still favors the bulls.
Volume is neutral-to-declining, with no clear selling pressure.
A potential higher low structure seems to have formed around the 74k region.
🔻 Support Levels:
🟦 75,000 – 76,000 USDT – key short-term support
🔵 65,000 USDT – trendline intersection zone
🔵 58,000 USDT – major macro pivot
🔺 Resistance Levels:
🔸 85,000 – 86,000 USDT – immediate resistance zone
🔸 88,700 – 90,000 USDT – weekly structural ceiling
🔸 100,000+ USDT – psychological threshold
🧭 Summary:
BTC remains in a macro bullish trend, but the next few weeks will be critical to determine if the current levels can hold. The lack of volume confirmation keeps this bounce in the technical retracement category for now.
📌 A weekly close above 86k may open the door to 90k+
📌 Rejection could bring BTC back to the 75–76k range
⚠️ For informational purposes only – not financial advice
📊 Key resistance zone ahead after a strong weekly close
Bitcoin posted a bullish weekly candle, rebounding from the ~74,000 USDT low. Price is currently consolidating around 84,600 USDT, testing the key 85,000–86,000 resistance zone.
Momentum has recovered, but the market is still awaiting confirmation for continuation.
🔍 Technical Highlights:
Price is hovering around EMA10/EMA21 on the weekly chart – a confirmed breakout above could boost momentum.
The previous high (~109,880 USDT) remains distant, but the macro structure still favors the bulls.
Volume is neutral-to-declining, with no clear selling pressure.
A potential higher low structure seems to have formed around the 74k region.
🔻 Support Levels:
🟦 75,000 – 76,000 USDT – key short-term support
🔵 65,000 USDT – trendline intersection zone
🔵 58,000 USDT – major macro pivot
🔺 Resistance Levels:
🔸 85,000 – 86,000 USDT – immediate resistance zone
🔸 88,700 – 90,000 USDT – weekly structural ceiling
🔸 100,000+ USDT – psychological threshold
🧭 Summary:
BTC remains in a macro bullish trend, but the next few weeks will be critical to determine if the current levels can hold. The lack of volume confirmation keeps this bounce in the technical retracement category for now.
📌 A weekly close above 86k may open the door to 90k+
📌 Rejection could bring BTC back to the 75–76k range
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.
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.