📊 BTC MARKET WEEKLY UPDATE
Bitcoin is currently trading around $69,300, testing an important historical support zone near $69,000: the previous all-time high (ATH) from November 2021.
The 200-period moving average (MA) on the weekly chart is also near $69,560, making this a key decision zone.
🟢 Bullish scenario: Holding this zone and reclaiming $75,000 $ could open the way toward $83,000 $ – $87,000.
🔴 Bearish scenario: A confirmed breakdown on the weekly chart could expose the $59,000 level, followed by $52,000.
📌 Market outlook: Pay attention to the weekly candle close and the volume reaction for confirmation. Avoid rushing into positions.
#BTC #Binance
Bitcoin is currently trading around $69,300, testing an important historical support zone near $69,000: the previous all-time high (ATH) from November 2021.
The 200-period moving average (MA) on the weekly chart is also near $69,560, making this a key decision zone.
🟢 Bullish scenario: Holding this zone and reclaiming $75,000 $ could open the way toward $83,000 $ – $87,000.
🔴 Bearish scenario: A confirmed breakdown on the weekly chart could expose the $59,000 level, followed by $52,000.
📌 Market outlook: Pay attention to the weekly candle close and the volume reaction for confirmation. Avoid rushing into positions.
#BTC #Binance
