Bitcoin Weekly Cooldown: What’s Next?
After seven consecutive weeks of upward momentum, Bitcoin ($BTC ) has posted its first red weekly candle. This isn’t a crash—just a healthy pause in the trend.
Current Price Action
BTC is currently trading near $104,000, slightly below its recent high of $111,980. This pullback may be necessary to reset market conditions before the next potential leg up.
Key Levels to Watch
Support 1: $101,500
Major Support: $96,800
These levels could serve as liquidity zones, where short-term weakness clears out before a strong recovery.
What It Means
A move down to $101K or $96K is well within reason. It could be the market building strength before aiming for a new all-time high.
Altcoin Outlook
Don’t expect much from altcoins during this phase. BTC dominance usually keeps them quiet during consolidation.
Bottom Line
This is a normal cooldown. A pullback now could lead to a stronger rally later. Stay patient and focused.
