đ Bitcoin (BTC) Weekly Update
Bitcoin closed the week at $78,370, marking a 4.85% drop compared to the previous week.
Once again, the bulls failed to break above the trendline (red line on the chart), and BTC remains in the selling zone.
đ The bulls' first priority?
Defend the neckline support.
The first bullish signal would be a breakout above the trendline and the $86,000 zone.
đť As anticipated, the bears managed to push the price below the $80,000 level.
Their next goal:
Break the neckline support
Drive BTC down toward the $71,300â$73,500 zone
đ The battle continuesâwatch for key breakout or breakdown signals this week.
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