Bitcoin is currently testing its bull market support band for the first time, showing some early rejection signals. The price hasn't strayed too far from this critical level yet, but there's a key condition for a genuine reversal: buyers will need to push BTC back above a certain threshold and hold it through a weekly close. Without that confirmation, the move remains uncertain. The proximity to support suggests the market is at an inflection point—watch for whether bulls can establish a solid weekly foundation or if weakness persists.
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AirdropFatigue
· 7h ago
Don't boast unless the weekly chart stabilizes. Watching closely.
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0xInsomnia
· 7h ago
It's time to test the old bulls again. If the weekly chart can't hold steady, don't talk about a reversal.
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BearMarketSunriser
· 7h ago
Whether the support level can hold depends on this week's performance. If the weekly chart cannot stabilize, we may need to continue testing lower levels.
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ShibaOnTheRun
· 8h ago
It's time to look at the weekly chart again. Whether Friday can hold the line is the real test.
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rekt_but_vibing
· 8h ago
Well, the real highlight this week is the close. It's too early to say anything now.
Bitcoin is currently testing its bull market support band for the first time, showing some early rejection signals. The price hasn't strayed too far from this critical level yet, but there's a key condition for a genuine reversal: buyers will need to push BTC back above a certain threshold and hold it through a weekly close. Without that confirmation, the move remains uncertain. The proximity to support suggests the market is at an inflection point—watch for whether bulls can establish a solid weekly foundation or if weakness persists.