Bitcoin / TetherUS

BTCUSDT Weekly Chart Analysis.

231
BTCUSDT Weekly Chart Analysis

Major Structure: Bitcoin is experiencing a significant correction, now testing the most important multi-year support zone around $80,000–$82,000.​

Patterns: The chart shows multiple rounded bottoms and a massive base structure, indicating repeated accumulation phases since 2021.

Support Zone: This highlighted area is not only a former breakout region but also converges with major horizontal and trendline support levels, making it highly significant for bulls.

If buyers defend this zone, a swift rebound toward $123,000–$130,000 is likely, maintaining the long-term uptrend.

Failure to hold here increases risk for deeper corrective moves, and the next support would be much lower.

Momentum Shift: The steepness and sharp drop into support reflect panic or forced selling, often associated with extreme sentiment lows.

DYOR | NFA

כתב ויתור

המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.