$BTC
Regarding Bitcoin (BTC) on the weekly timeframe: the price is around $85,914, and we see a strong rebound from an area close to $55k–$60k. However, the weekly trend has not yet been definitively turned bullish, because the price is still below the Supertrend at $109,284.
The nearest important resistance I see is at $89,000–$90,000; breaking it and holding above it could support an extension of the rebound toward $95,000 and then $100,000. The closest support is approximately $80,000, then $68,700. Positively, the latest candles show a clear recovery, but the visible trading volume isn’t strong enough to confirm a major weekly reversal.
Summary: The picture right now is closer to an upward rebound within a weekly trend that hasn’t confirmed a reversal yet, and the $90k area is very important to watch.
Regarding Bitcoin (BTC) on the weekly timeframe: the price is around $85,914, and we see a strong rebound from an area close to $55k–$60k. However, the weekly trend has not yet been definitively turned bullish, because the price is still below the Supertrend at $109,284.
The nearest important resistance I see is at $89,000–$90,000; breaking it and holding above it could support an extension of the rebound toward $95,000 and then $100,000. The closest support is approximately $80,000, then $68,700. Positively, the latest candles show a clear recovery, but the visible trading volume isn’t strong enough to confirm a major weekly reversal.
Summary: The picture right now is closer to an upward rebound within a weekly trend that hasn’t confirmed a reversal yet, and the $90k area is very important to watch.