BTC/USDT — Weekly Small Update
* Price has dropped sharply from ~120K → 62K
* Currently sitting inside major demand zone (60K–65K)
* This zone previously acted as a strong base/accumulation
Demand Zone:* 60K – 65K (VERY important)
Resistance:* 70K – 75K
Breakdown Level:* Below 60K
🟢 Bullish Reaction (Possible Bounce)
If price holds 60K–62K
Expect bounce toward:
* 70K
* 75K
🔴 Bearish Continuation
Weekly close below 60K
The next targets:
* 55K
* 48K
👉 This is a **decision zone (bounce or breakdown)** — big move coming.
* Price has dropped sharply from ~120K → 62K
* Currently sitting inside major demand zone (60K–65K)
* This zone previously acted as a strong base/accumulation
Demand Zone:* 60K – 65K (VERY important)
Resistance:* 70K – 75K
Breakdown Level:* Below 60K
🟢 Bullish Reaction (Possible Bounce)
If price holds 60K–62K
Expect bounce toward:
* 70K
* 75K
🔴 Bearish Continuation
Weekly close below 60K
The next targets:
* 55K
* 48K
👉 This is a **decision zone (bounce or breakdown)** — big move coming.
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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.
Related publications
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.