BTCUSDT (Weekly) – Long-term Chart Update.
BTC is still inside a rising channel (higher highs & higher lows intact).
Price is holding the lower trendline support of the channel — a key bullish area.
The weekly MA (~87.5k) is acting as dynamic support.
Current price: ~88.7k
This is a make-or-break support region.
As long as weekly closes stay above the lower channel + MA, the bullish structure remains valid.
Consolidation above 85k–90k.
100k psychological-
120k–125k (channel mid/upper area)
Extended cycle target 140k–150k+ (as projected)
Weekly close below ~85k.
Break of channel support → deeper correction toward 75k–70k.
short-term consolidation
Buy the dip mindset while structure holds.
BTC is still inside a rising channel (higher highs & higher lows intact).
Price is holding the lower trendline support of the channel — a key bullish area.
The weekly MA (~87.5k) is acting as dynamic support.
Current price: ~88.7k
This is a make-or-break support region.
As long as weekly closes stay above the lower channel + MA, the bullish structure remains valid.
Consolidation above 85k–90k.
100k psychological-
120k–125k (channel mid/upper area)
Extended cycle target 140k–150k+ (as projected)
Weekly close below ~85k.
Break of channel support → deeper correction toward 75k–70k.
short-term consolidation
Buy the dip mindset while structure holds.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.