$BTC

BTC

68,837.82

+0.65%

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BTC/USDT Weekly Chart Update – Important Zone Ahead

On the weekly timeframe, Bitcoin is currently trading near a major support around $70K, close to the EMA 200 level. Price is below EMA 20 and EMA 50, showing strong bearish pressure. MACD remains negative, and momentum indicators are still weak.

If next week fails to close with a strong green candle or a clear bounce, this support may break. In that case, BTC could move towards the $58K–$50K zone in the coming weeks.

This is a critical decision area for the market. Bulls must defend this level.

Trade smart. Manage risk. Not financial advice. 🚀📊