📊 Bitcoin Weekly Analysis


$BTC gained over 7% this week and successfully reclaimed the 200-week moving average after briefly trading below it.
🟢 Bullish Signals
• Reclaimed the 200-week MA
• Bullish RSI divergence continues to develop
• US economic data remains resilient
• ISM near 54, the highest level in 4 years
• Russell 2000 remains at record highs
• Geopolitical tensions easing as US-Iran talks progress
🔴 Bearish Signals
• The 4-year cycle still points to potential weakness later in the year
• Bitcoin remains below the 20-week and 50-week MAs
• Weekly Death Cross remains active
📍 Key Levels
• Support: $58K
• Resistance: $67K and $83K
The recovery is encouraging, but Bitcoin still needs a decisive break above $67K to strengthen the bullish case and shift market structure higher.
BTC2.27%
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