#BitcoinFiveWeeklyLosses
Bitcoin Faces Its Fifth Consecutive Weekly Loss!
Bitcoin is showing serious bearish pressure after recording five consecutive weekly losses. BTC has dropped approximately 13%, raising concerns about a deeper market correction.
What's Behind the Drop?
- Bitcoin ETFs have experienced significant weekly outflows.
- More than $1 billion in leveraged crypto positions were liquidated.
- BTC lost its 50-week moving average near $75,488.
BTC Technical Analysis
Key levels to watch:
- Support: $73,500–$73,000
- Resistance: $75,000–$75,500
- Next Resistance: $76,500–$77,500
Bullish Scenario: A recovery above $75,500 could open the door towards $77,500.
Bearish Scenario: A breakdown below $73,000 could trigger another selling wave.
My Opinion
Five consecutive red weekly candles are a serious warning, but they don't necessarily confirm the end of the bull market.
Will Bitcoin recover, or are we entering a deeper correction?
Share your thoughts!
#Bitcoin #BTC #CryptoMarket $BTC
Not financial advice.
$BTC
Bitcoin Faces Its Fifth Consecutive Weekly Loss!
Bitcoin is showing serious bearish pressure after recording five consecutive weekly losses. BTC has dropped approximately 13%, raising concerns about a deeper market correction.
What's Behind the Drop?
- Bitcoin ETFs have experienced significant weekly outflows.
- More than $1 billion in leveraged crypto positions were liquidated.
- BTC lost its 50-week moving average near $75,488.
BTC Technical Analysis
Key levels to watch:
- Support: $73,500–$73,000
- Resistance: $75,000–$75,500
- Next Resistance: $76,500–$77,500
Bullish Scenario: A recovery above $75,500 could open the door towards $77,500.
Bearish Scenario: A breakdown below $73,000 could trigger another selling wave.
My Opinion
Five consecutive red weekly candles are a serious warning, but they don't necessarily confirm the end of the bull market.
Will Bitcoin recover, or are we entering a deeper correction?
Share your thoughts!
#Bitcoin #BTC #CryptoMarket $BTC
Not financial advice.
$BTC
