$BTC Weekly Outlook - Is $48,900 Next?
Look at the BTC weekly chart. Historically, BTC has respected retests after breaking important weekly levels.
Currently, BTC has pulled back from weekly resistance around $80,600, and the weekly chart shows a strongly bearish bias.
The next major support is around $59,600, where buyers may step in. However, I expect a possible deeper test of $48,900 to trap sellers before a potential market reversal.
After that, we could see a new bull market, with potentially continuing its rise toward $100,000.
Not Financial Advice
$BTC
Look at the BTC weekly chart. Historically, BTC has respected retests after breaking important weekly levels.
Currently, BTC has pulled back from weekly resistance around $80,600, and the weekly chart shows a strongly bearish bias.
The next major support is around $59,600, where buyers may step in. However, I expect a possible deeper test of $48,900 to trap sellers before a potential market reversal.
After that, we could see a new bull market, with potentially continuing its rise toward $100,000.
Not Financial Advice
$BTC
