Weekly chart $BTC
Currently, Bitcoin is trading around $83k, after its ATH of $109k in December, the price corrected, but now it seems to be finding support near the Bollinger average.
The $BTC found strong support at $83k, but is struggling to break the resistance at $85k; however, if it manages to break, the next target is around $100k, but I think it is quite unlikely that this will happen, as the MACD is still negative, which indicates that selling pressure remains present, but the volume has been decreasing, suggesting a possible moment of stabilization.
Everything indicates that the $BTC will return to test the resistance at $76k again (most likely scenario), and if it loses this resistance, we can expect a drop to $63K (unlikely, but possible) in the coming weeks.
Trade with caution and good luck to everyone!
