đ BREAKING: Bitcoin Just Printed Its Highest Weekly Close in Over 8 Months
Last week closed near $86,480, the best weekly finish since January and a clear step above the prior week's $84,467.
The run behind it is big.
About 50% off the late-June low near $58K.
Q3 closed up nearly 43%, Bitcoin's best third quarter since 2017.
And it's the third straight weekly close above the 50-week moving average, now near $78K.
Zoom out and the weekly structure has flipped. đ
Two lows near $58K to $60K, in February and June, held like a floor.
Then price broke above the May high around $82.8K, a weekly change of character, the first real sign the bear trend is losing control.
That doesn't mean the road is clear.
Glassnode flagged the next cluster of sell orders around $87K, right where price keeps stalling.
Above that, the $90K to $98K zone is heavy weekly supply, where January's breakdown began.
And the big ceiling, $116K to $124K, is where the 2025 top was distributed.
The levels.
Keep weekly closes above $82.8K, and the bull case stays intact, with $90K next.
Lose it, and this becomes another failed breakout inside a bigger range.
Weekly closes filter out noise. This one says buyers are in control, for now.
$90K next, or does $87K reject again first? đ„
Not financial advice. $BTC
$AIN
$GTC
Last week closed near $86,480, the best weekly finish since January and a clear step above the prior week's $84,467.
The run behind it is big.
About 50% off the late-June low near $58K.
Q3 closed up nearly 43%, Bitcoin's best third quarter since 2017.
And it's the third straight weekly close above the 50-week moving average, now near $78K.
Zoom out and the weekly structure has flipped. đ
Two lows near $58K to $60K, in February and June, held like a floor.
Then price broke above the May high around $82.8K, a weekly change of character, the first real sign the bear trend is losing control.
That doesn't mean the road is clear.
Glassnode flagged the next cluster of sell orders around $87K, right where price keeps stalling.
Above that, the $90K to $98K zone is heavy weekly supply, where January's breakdown began.
And the big ceiling, $116K to $124K, is where the 2025 top was distributed.
The levels.
Keep weekly closes above $82.8K, and the bull case stays intact, with $90K next.
Lose it, and this becomes another failed breakout inside a bigger range.
Weekly closes filter out noise. This one says buyers are in control, for now.
$90K next, or does $87K reject again first? đ„
Not financial advice. $BTC
$AIN
$GTC
