$BTC | Weekly Outlook – Critical Level in Play
Scenario 1 – Breakout in Motion?
If Bitcoin closes above $93,600 and holds for 3 straight daily candles, we could be watching the end of the downtrend and the start of a fresh leg up. Momentum favors the bulls—but only with confirmation.
Scenario 2 – Rejection Incoming?
Fail to hold $93,600? That breakout might’ve been just bait. A fake pump could trigger a heavy pullback. No higher lows on the weekly = bears still in control. Watch for deep correction risks.
Bottom Line:
Without higher timeframe confirmation, this move could be a bear market rally or even a double-top trap. Don’t get emotional—get strategic.