BTCUSDT Weekly Chart Analysis
Major Structure: Bitcoin is experiencing a significant correction, now testing the most important multi-year support zone around $80,000–$82,000.
Patterns: The chart shows multiple rounded bottoms and a massive base structure, indicating repeated accumulation phases since 2021.
Support Zone: This highlighted area is not only a former breakout region but also converges with major horizontal and trendline support levels, making it highly significant for bulls.
If buyers defend this zone, a swift rebound toward $123,000–$130,000 is likely, maintaining the long-term uptrend.
Failure to hold here increases risk for deeper corrective moves, and the next support would be much lower.
Momentum Shift: The steepness and sharp drop into support reflect panic or forced selling, often associated with extreme sentiment lows.
DYOR | NFA
Major Structure: Bitcoin is experiencing a significant correction, now testing the most important multi-year support zone around $80,000–$82,000.
Patterns: The chart shows multiple rounded bottoms and a massive base structure, indicating repeated accumulation phases since 2021.
Support Zone: This highlighted area is not only a former breakout region but also converges with major horizontal and trendline support levels, making it highly significant for bulls.
If buyers defend this zone, a swift rebound toward $123,000–$130,000 is likely, maintaining the long-term uptrend.
Failure to hold here increases risk for deeper corrective moves, and the next support would be much lower.
Momentum Shift: The steepness and sharp drop into support reflect panic or forced selling, often associated with extreme sentiment lows.
DYOR | NFA
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