BITCOIN MARKET VIEW
Bitcoin remains bullish on the higher timeframes, especially on the 1-week and 1-month charts. Price recently reacted from a strong weekly demand zone, which also aligns with a key monthly support area. Last week, BTC dropped from 77K to 59K but managed to close the weekly candle near 70K, forming a rejection signal that suggests buyers are still active.
The 60K–67K region is a major support range across both weekly and monthly structures. As long as this zone holds, the broader bullish outlook remains intact.
Now the focus shifts to the monthly candle close. A close above the monthly opening price around 78,706 would strengthen bullish momentum. However, if Bitcoin loses this strong support area, the next major downside targets could appear around 44K–40K.
Overall, I remain bullish on Bitcoin while monitoring key support levels closely.