BTCUSDT Weekly Update.
Bitcoin is currently trading around $70K after a sharp rejection from the recent highs near $100K.
Price has dropped back into the major weekly support zone ($68K–$72K)
This zone previously acted as resistance in 2021–2024 → now acting as flip support
Strong volatility after the breakdown from the rising structure
Weekly trend still bullish as long as support holds
Major Support: $68K – $72K
Next Support: $60K – $62K (critical demand zone)
Resistance: $80K → $92K → $100K
Bearish Scenario If weekly closes below $68K, BTC may revisit $60K or even deeper liquidity before recovery.
Bullish Scenario Strong reclaim + weekly close back above $75K–$78K could restart momentum toward $90K+ / $100K.
Market Structure Overall macro trend remains bullish, but short-term momentum is weak → possible consolidation / shakeout phase before the next big move.
Bitcoin is currently trading around $70K after a sharp rejection from the recent highs near $100K.
Price has dropped back into the major weekly support zone ($68K–$72K)
This zone previously acted as resistance in 2021–2024 → now acting as flip support
Strong volatility after the breakdown from the rising structure
Weekly trend still bullish as long as support holds
Major Support: $68K – $72K
Next Support: $60K – $62K (critical demand zone)
Resistance: $80K → $92K → $100K
Bearish Scenario If weekly closes below $68K, BTC may revisit $60K or even deeper liquidity before recovery.
Bullish Scenario Strong reclaim + weekly close back above $75K–$78K could restart momentum toward $90K+ / $100K.
Market Structure Overall macro trend remains bullish, but short-term momentum is weak → possible consolidation / shakeout phase before the next big move.
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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.