Nothing is impossible in crypto, but calling for $50K while $BTC remains more bullish than bearish on the weekly timeframe is something we need to look at carefully.
The key level right now is $81K–$83K resistance, which also aligns with the 50MA. The rejection we're seeing could simply be profit-taking and traders closing positions around break-even. This doesn't necessarily mean the bears are in control.
A weekly close above $82.6K would confirm the breakout and potentially open the door toward $90K → $100K.
However, if the rejection continues, the most important level to watch is $65.5K. In my view, $50K is unlikely unless $65.5K fails, and I believe that level will hold.
The key level right now is $81K–$83K resistance, which also aligns with the 50MA. The rejection we're seeing could simply be profit-taking and traders closing positions around break-even. This doesn't necessarily mean the bears are in control.
A weekly close above $82.6K would confirm the breakout and potentially open the door toward $90K → $100K.
However, if the rejection continues, the most important level to watch is $65.5K. In my view, $50K is unlikely unless $65.5K fails, and I believe that level will hold.
