$BTC $BCH Bitcoin weekly overview:
Bitcoin closed its weekly candle just below the 50-day moving average (WMA 50), at around $74,700, down approximately 4.5%.
Indicators:
- RSI is above 44, so the bullish trend remains intact.
- The Stochastic RSI has not turned around yet, showing clear weakness on the chart alongside the global market.
The structure looks similar to the 2022 base, where the price consolidated between the 50-day and 100-day moving averages before the next move.
Support:
- 200-day moving average (DMA 200) at $73,115
- 200-day moving average (WMA 200) at $67,770
Resistance: $82,000 and $87,500
Interestingly, the Nasdaq fell nearly 6% last week, while BTC declined just 4.47%.
Bitcoin closed its weekly candle just below the 50-day moving average (WMA 50), at around $74,700, down approximately 4.5%.
Indicators:
- RSI is above 44, so the bullish trend remains intact.
- The Stochastic RSI has not turned around yet, showing clear weakness on the chart alongside the global market.
The structure looks similar to the 2022 base, where the price consolidated between the 50-day and 100-day moving averages before the next move.
Support:
- 200-day moving average (DMA 200) at $73,115
- 200-day moving average (WMA 200) at $67,770
Resistance: $82,000 and $87,500
Interestingly, the Nasdaq fell nearly 6% last week, while BTC declined just 4.47%.