#BTC $BTC
Bitcoin has Weekly Closed below the ~$78300 level
Therefore, that means price has lost this level as support and is technically positioned to turn it into new resistance on any upcoming rebound
Bitcoin would need to demonstrate signs of reclaiming of ~$78300 to assuage current bearish positioning
At the moment, the price predicament is looking increasingly similar to May 2026 (red circle)
$BTC #Bitcoin
Bitcoin has Weekly Closed below the ~$78300 level
Therefore, that means price has lost this level as support and is technically positioned to turn it into new resistance on any upcoming rebound
Bitcoin would need to demonstrate signs of reclaiming of ~$78300 to assuage current bearish positioning
At the moment, the price predicament is looking increasingly similar to May 2026 (red circle)
$BTC #Bitcoin