Bitcoin Weekly Analysis


Bitcoin gained +7% this week and reclaimed its 200-week Moving Average after briefly losing it a constructive signal that buyers are stepping back in.
🟢 Bullish signals:
• Reclaimed the 200-week MA
• Bullish RSI divergence continues to build
• Strong U.S. economic data supports risk assets
• ISM near 54 (4-year high) & Russell 2000 at ATHs
• Easing geopolitical tensions as U.S.–Iran peace talks progress
🔴 Bearish risks:
• The 4-year cycle still points to a potential new low in Q4
• BTC remains below the 20-week & 50-week MAs
• Weekly Death Cross is still in play
🎯 Key levels:
• Support: $58K
• Resistance: $67K → $83K
Bottom line: Bitcoin is showing encouraging signs of recovery, but the bulls still have work to do. A decisive breakout above $67K would significantly strengthen the case for a broader trend reversal.
Stay patient. Watch the levels not the noise.
BTC-1.58%
US20000.10%
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