$BTC Bitcoin Weekly Analysis



Bitcoin jumped +7% this week and reclaimed the 200-week moving average, a positive sign after briefly falling below it.

Bullish factors:
- Reclaimed the 200-week MA
- Bullish RSI divergence is forming
- US economy remains strong
- ISM near 54 (4-year high) + Russell 2000 at all-time highs
- Lower geopolitical risk as US-Iran peace talks progress

Bearish factors:
- 4 year cycle suggests new low in Q4
- Still below the 20-week and 50-week MAs
- Weekly Death Cross is still active

Key Levels to watch:

Support: $58K
Resistance: $67K and $83K

Bottom Line:
Bitcoin is showing early signs of recovery, but it still needs to break above $67K to confirm a stronger trend reversal.
BTC-1.58%
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Venüs_
· 3h ago
DYOR 🤓
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BlackGoldMechanicalHand
· 3h ago
ISM 54 and the Russell 2000 new highs indeed provide support for risk assets, but the shadow of the 4-year cycle Q4 new lows still lingers; position management is more important than direction.
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FeeFiFoFum
· 3h ago
The weekly RSI bullish divergence has just formed, but the 20-week and 50-week moving averages are still overhead. At this level, I choose to wait and see. I will enter on the right side after a break above 67K.
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HalfLifeHodler
· 3h ago
The easing of Iran tensions is the most underestimated positive factor this week. After the geopolitical premium fades, we'll see if funds flow back into crypto. As long as the 58K support doesn't break, it's fine.
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