$BTC A MAJOR SUPPORT ZONE COULD DECIDE THE NEXT TREND đ
Bitcoin is facing serious selling pressure on the weekly chart after rejecting from the $125K region. The market has now returned to a major support zone around $52K, which could become an important area for buyers to defend. RSI is also approaching oversold territory, but that alone is not enough to confirm a reversal.
If Bitcoin manages to hold this support and buyers start showing strength, we could see a recovery attempt toward $86K. However, a bullish reversal is not confirmed yet. Lower timeframe market structure, a strong bullish BOS/CHoCH, and clear buying displacement are important confirmations to watch before expecting a sustained recovery.
The key is simple: support must hold. If Bitcoin loses this zone with strong selling pressure, the next major support sits around $39K. The continuation of an uptrend depends on buyers successfully defending the current support area.
Analysis by LEO524
#BTC #Bitcoin #Crypto #LEO524
Bitcoin is facing serious selling pressure on the weekly chart after rejecting from the $125K region. The market has now returned to a major support zone around $52K, which could become an important area for buyers to defend. RSI is also approaching oversold territory, but that alone is not enough to confirm a reversal.
If Bitcoin manages to hold this support and buyers start showing strength, we could see a recovery attempt toward $86K. However, a bullish reversal is not confirmed yet. Lower timeframe market structure, a strong bullish BOS/CHoCH, and clear buying displacement are important confirmations to watch before expecting a sustained recovery.
The key is simple: support must hold. If Bitcoin loses this zone with strong selling pressure, the next major support sits around $39K. The continuation of an uptrend depends on buyers successfully defending the current support area.
Analysis by LEO524
#BTC #Bitcoin #Crypto #LEO524
