On the weekly chart, the 20-week MA has fallen below the 50-week MA. A similar crossover occurred in 2022, just before Bitcoin entered a deeper correction phase. Following that signal in the previous cycle, BTC printed 9 consecutive red weekly candles. In this cycle so far, Bitcoin has never printed more than 4 consecutive red candles, making this moment very significant. If this week also ends in red, it will confirm continued structural weakness. The price has lost the weekly support level of $75K, opening the door to the $60K near the long-term support zone. From here, the structure remains clear: • Reclaiming $75K means the initial strength is returning • Breaking $80K to aim for $100K • Staying below important weekly MA lines indicates that downside risk remains
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Weekly Bitcoin Analysis
On the weekly chart, the 20-week MA has fallen below the 50-week MA. A similar crossover occurred in 2022, just before Bitcoin entered a deeper correction phase.
Following that signal in the previous cycle, BTC printed 9 consecutive red weekly candles.
In this cycle so far, Bitcoin has never printed more than 4 consecutive red candles, making this moment very significant.
If this week also ends in red, it will confirm continued structural weakness. The price has lost the weekly support level of $75K, opening the door to the $60K near the long-term support zone.
From here, the structure remains clear:
• Reclaiming $75K means the initial strength is returning
• Breaking $80K to aim for $100K
• Staying below important weekly MA lines indicates that downside risk remains