BTC/USD | BTC Hits $76K Then Pulls Back,Is $66K the Key Support?

Wait 5 sec.

BTC/USD | BTC Hits $76K Then Pulls Back,Is $66K the Key Support?Bitcoin / US DollarCOINBASE:BTCUSDArmanShabanTradingBy analyzing the #Bitcoin chart on the weekly timeframe, we can see that after the previous update, buying pressure continued to build and BTC managed to rally strongly toward the $76,000 level, confirming the bullish momentum we discussed earlier. However, following this move, the market experienced a broader correction in line with other assets, largely driven by the global energy crisis, which added pressure across risk markets. As a result, Bitcoin entered a corrective phase and is now trading around the $68,000 region, showing signs of consolidation after the recent volatility. At this stage, the $66,000 level becomes the key structural support for maintaining the bullish scenario. If price manages to hold and stabilize above the $66,000 level, we may expect the start of another bullish wave from this region. In that case, the next upside targets to monitor are $72,800, followed by $76,000, then $79,500, and potentially $85,000 if bullish momentum continues to build. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban