📊 #Bitcoin Update (1W Timeframe)
Weekly overview: Following recent selling pressure, BTC tested key demand zones around the ETF holder average cost basis near $80,000 – $81,500.
Price is currently attempting to recover and reclaim above the $82,000 level. The price action within the yellow circle reflects a consolidation phase as the market builds a base while awaiting fresh macroeconomic catalysts.
📌 Key Levels to Watch:
* Resistance: $84,000 / Supply Zone above
* Support: $81,000 – $81,500 and psychological support at $80,000
Short-term volatility remains high due to inflation data and Fed policy signals. A breakout above key resistance is essential to confirm a structural shift upward. 📈
#BTC #Bitcoin #Cryptocurrency #Crypto #Trading
Weekly overview: Following recent selling pressure, BTC tested key demand zones around the ETF holder average cost basis near $80,000 – $81,500.
Price is currently attempting to recover and reclaim above the $82,000 level. The price action within the yellow circle reflects a consolidation phase as the market builds a base while awaiting fresh macroeconomic catalysts.
📌 Key Levels to Watch:
* Resistance: $84,000 / Supply Zone above
* Support: $81,000 – $81,500 and psychological support at $80,000
Short-term volatility remains high due to inflation data and Fed policy signals. A breakout above key resistance is essential to confirm a structural shift upward. 📈
#BTC #Bitcoin #Cryptocurrency #Crypto #Trading