Technical analysis

Bitcoin Price Weekly Outlook Bitcoin price managed to put in a green candle on the weekly close, finally, but it wasn’t enough to hold off...

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.

The $106,900 Fibonacci support level provided a bounce last week, but repeated tests raise risks of a drop to $100,000 and long-term support at $96,000.

Overhead resistance clusters at $112,200, $115,500, and $117,600 challenge BTC's bounce, while $102K-$105K support weakens.

Bitcoin’s bearish weekly chart faces pressure as investors await FOMC rate cut signals, with $109,500 support critical for bulls to defend.

Bitcoin supply-side dynamics and on-chain indicators look to be as strong as ever, but macroeconomic headwinds remain for legacy and risk assets.

Bulls take charge with massive upward momentum. Key price levels to watch to determine whether this is another bear market rally or a move with lasting power.

Bitcoin trading above the 50-day simple moving average is a bullish indicator for the bitcoin price and many long-term holders are taking note.