$BTC $BTC The red line you've drawn on the BTC/USDT weekly chart highlights a potential support zone around $84,000–$85,000. If Bitcoin drops to this level, it would represent a significant correction from the recent high of $111,980. This area acted as a consolidation zone before the strong upward move, so it now serves as a key support level where buyers might step in again.

The chart shows declining momentum with the latest red candle and a bearish crossover on the Stochastic RSI, indicating weakening bullish strength. If selling pressure continues and BTC breaks below $100,000, the next likely target is around that red-marked level.

A drop to this zone could be triggered by macroeconomic news, investor panic, or large profit-taking events. However, such a correction could also offer a strategic entry point for long-term investors who believe in BTC’s growth potential. It’s important to monitor price action and volume closely near that level. If BTC bounces from there with strong volume, it may confirm the support and signal a bullish reversal. If it breaks below, further downside toward $74,000 could be possible.