🚀 Bitcoin ($BTC ) Weekly Outlook – Rejection from Historical Trendline! 🔥💯

Current Price: $84,365.55 (Weekly -0.94%)

📉 Macro Market Structure:

• BTC is showing a clear macro uptrend with a major BOS around $60K

• However, it just rejected from the same upper trendline that capped price in late 2021

• Marked FVGs are forming support, but we’re seeing lower time frame weakness

🧠 Key Observations:

• Repeated rejections from trendline highlight institutional sell zones

• A large FVG block below ($73K–$78K) might be the magnet if weakness continues

• If bulls regain control above $88K, expect a run to $100K psychological zone

📍Key Weekly Levels:

• Resistance: $88,000 – $100,000 (trendline cap & ATH breakout zone)

• Support Zone: $78,000 – $73,000 (FVG cluster)

• Major Support: $60,000 (BOS origin & demand)

⚠️ Risk Management Note:

This is a weekly chart – macro structure still favors bulls unless $73K is broken cleanly. That would shift structure into consolidation or possible deeper correction toward $60K.

📈 Long-Term Outlook:

Still bullish, but expect volatility between $73K and $88K. Any weekly close above $88K opens the gate to price discovery toward $100K+.

Pro Tip:

Zoom out. Big players are watching the same trendlines and fair value gaps you are. Use weekly FVGs for strategic swing entries – not intraday noise.

BTC at the Edge – Time for Bulls to Prove Their Power!

$BTC

BTC

84,892.14

+0.98%

#BTC #bitcoin #CircleIPO #BitcoinETFs