On the weekly timeframe, Bitcoin is approaching a critical decision zone that could define the next major move. Current structure still supports a broader downtrend, with a potential short-term reversal into the LVN acting as a relief move before continuation lower toward a strong support region below. That said, this area also presents a high-impact inflection point. A decisive high breakout and reclaim of previous range highs would invalidate the bearish continuation and open the door for a momentum-driven move back toward all-time highs. This chart outlines both scenarios, with key levels marked to let price confirm direction rather than forcing bias.
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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.