Bitcoin remains under pressure as key weekly levels come into focus
|Bitcoin continues to trade under pressure.
From the weekly chart, the late‑November 2025 break remains the dominant structural shift, and the market has struggled to regain any meaningful upside momentum since.
A 7‑week flag pattern formed after that break, and traders are now being drawn toward the first major level of interest: the 200‑week moving average at 58,505.
Just beneath that sits the 61.8% Fibonacci retracement of the bull move from November 2022, coming in at 57,756.
With Bitcoin having reached all‑time highs at 126,200, the failure to hold above 113,000 has left the market looking increasingly vulnerable. We have historical levels dating back to 2016/17, so we know exactly where traders may try to drive price if weakness persists.
Already this year, Bitcoin has wiped out the gains of 2024 and 2025, and the bias still points to further downside.
Short‑term support sits at 62,277, followed by the psychological 60,000 level. We are slightly oversold on both the daily and weekly charts, but momentum remains firmly with the sellers.
Any corrective bounce this week is likely to be capped near 76,199, where resistance is expected to hold unless buyers can regain control.
This is not investment advice. My Money, My Risk.
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