Let's break down in simple terms what is happening on the chart and what to expect.

1. What happened?

The weekly close turned out to be the lowest in the last 5 months. The price of Bitcoin dropped below the important zone of $83,560–$80,500, which was previously considered a support level (a place where the price usually bounces up).

Why is this important?

This could be the first signal for the start of a deeper decline in BTC price.

2. What now? Possible scenarios:

Negative scenario (bear market):

If by April 21 the price of Bitcoin drops below $74,000–$69,000, it will confirm the transition to a 'bearish trend' — a market where prices fall for a long time.

In this case, the next levels where the price could fall will be:

• $64,850–$57,550

• $52,000–$48,550

• $44,650–$42,250

Neutral scenario (consolidation):

If the price holds between $69,000 and $83,500, Bitcoin may move in this range for some time. This will be an accumulation phase — a period when the market 'digests' past movements before a new trend.

Positive scenario (bull market):

If strong positive news emerges (for example, the Fed lowers interest rates, or Trump cancels tariffs), the price may sharply break up through the $83,500–$80,500 zone and aim for the following targets:

• $89,855–$93,265

• $122,500–$130,300

And then — possibly a new all-time high (ATH)!

3. How to understand that the market is bullish again?

Each weekly close above the previous important zone will signal that the market is ready to move up.

For example:

• Broke $83,500 — target $98,500

• Broke $98,500 — target $122,500

And so on for the targets: $155,600 → $176,000 → $209,125 → $229,600 → $262,650

Conclusion for beginners:

The market is currently in a zone of uncertainty. Everything will be decided in the coming weeks.

• If the price holds — this is a temporary correction

• If we break down — prepare for a decline

• If we break upwards — we aim for growth again

While the growth scenario remains valid, we are monitoring $74,000 — this is a critical zone!

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