BITCOIN IN FOCUS – Weekly Update BTC/USDT

The price of Bitcoin continues in a correction phase after reaching a recent all-time high of $109,588, currently showing a slight recovery and trading around $85,050.

Key Points of the Technical Chart:

Weekly High: $85,677

Weekly Low: $84,342

Immediate Support: $76,500

Nearest Resistance: $95,200

Technical Indicators:

MACD indicates a loss of buying strength, with a possible signal line crossover — pay attention to reversal or continuation of the downtrend.

Volume continues to decline, signaling less interest in purchases during the correction.

Short-term trend still in correction after a peak formed, but a possible local bottom near the support.

Interpretation based on the market cycle: We are between the "Breakdown" and "Fear and Capitulation" phases, where the market begins to feel the effects of profit-taking and the onset of fear. This could be one of the last accumulation opportunities before a new bullish wave — if the support holds.

Stay alert:

If BTC breaks $95,000, we may enter "Renewed Optimism".

If it loses support at $76,000, it could seek lower bottom regions, such as $57,000.

Are you prepared for the next move of Bitcoin?