Bitcoin Price Weekly Outlook
Well, the bitcoin price action was looking quite bearish after last week’s close, but the bulls managed to maintain the bullish...
With resilient support at $84,000 holding firm, Bitcoin bulls are gaining confidence ahead of large options expiring December 26 at a $100,000 max pain level amid expected low liquidity.
Bitcoin faces a probable plunge below $84,000 this week, with technicals pointing to a swift retest of $70,000 lows as sellers capitalize on exhausted upward pressure.
Bitcoin closed the week at $90,429 after testing $84,000 support and $94,000 resistance, with bulls now banking on Wednesday's FOMC meeting for a rate cut to fuel upward momentum toward $101,000.
Bitcoin plunged to $80,000 but powerfully reclaimed the critical $84,000 support zone, closing the week at $86,850. With daily RSI deeply oversold, traders are eyeing a sharp move toward $91,400 and the $94,000 high-volume node this week.
Bitcoin closed the week at $94,290, breaching the critical $96,000 support and wiping out all 2025 gains, as ETF outflows and macro fears drive extreme fear in the crypto market.
A weekend rally lifted Bitcoin to $104,700, reclaiming the $104,000 support zone while the 0.382 Fibonacci retracement at $109,400 cap near-term upside.