$BTC Weekly Analysis: Is Another Dip Coming Before the Next Bull Run? đđ
Bitcoin (BTC) is trading around $82,970, showing signs of recovery after hitting a major low near $57,820. However, the weekly chart suggests that another correction could occur before the next significant bullish move.
Key Support Levels:
$80,000â$78,000: Near-term support
$57,820: Previous major low
$49,000â$52,000: Potential deep correction and buying zone
Resistance Levels:
$88,000â$92,000: Major resistance zone
$110,000â$120,000: Potential upside target if bullish momentum strengthens
My Outlook: I believe BTC could face another downward move toward the $49Kâ$52K zone before starting a stronger rally. However, this scenario is not guaranteed. A strong weekly breakout above $92K could weaken the bearish correction thesis.
Strategy: Avoid chasing green candles. Consider gradual entries only after confirmation of support and bullish reversal signals.
This is a technical analysis, not financial advice.
#BTC #ETH
Bitcoin (BTC) is trading around $82,970, showing signs of recovery after hitting a major low near $57,820. However, the weekly chart suggests that another correction could occur before the next significant bullish move.
Key Support Levels:
$80,000â$78,000: Near-term support
$57,820: Previous major low
$49,000â$52,000: Potential deep correction and buying zone
Resistance Levels:
$88,000â$92,000: Major resistance zone
$110,000â$120,000: Potential upside target if bullish momentum strengthens
My Outlook: I believe BTC could face another downward move toward the $49Kâ$52K zone before starting a stronger rally. However, this scenario is not guaranteed. A strong weekly breakout above $92K could weaken the bearish correction thesis.
Strategy: Avoid chasing green candles. Consider gradual entries only after confirmation of support and bullish reversal signals.
This is a technical analysis, not financial advice.
#BTC #ETH