$BTC /USDT – Weekly Chart Analysis (Binance) 📊

Price at a critical zone: BTC is currently trading around $67K, sitting right on the 200-week Moving Average (~$58K–$60K area). Historically, this MA has acted as strong long-term support.

Macro structure: After topping near $126K, BTC has been in a clear weekly downtrend with lower highs and lower lows. The recent sell-off looks impulsive, suggesting capitulation pressure may be building.

Support & risk:

As long as BTC holds above the 200W MA, the long-term bull market structure remains intact.

A weekly close below the 200W MA could open the door for deeper downside and extended consolidation.

Volume insight: Rising sell volume into support often signals panic selling, which historically precedes major bottoms or strong relief bounces.

Bullish scenario: Holding this level could trigger a mean reversion move, with upside targets back toward $75K–$85K initially.

Bearish scenario: Loss of this support could send BTC into a lower accumulation range before any sustainable recovery.

Summary:

BTC is at a make-or-break level on the weekly timeframe. This zone has historically been a high-risk, high-reward area for long-term positioning. Volatility is expected — patience is key. 🔥

Not financial advice. Always manage risk.

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