BTC 1W Update: Looking good so far this week Bitcoin / U.S. dollarBITSTAMP:BTCUSDOnchainNewsBlogBTC Update: Bitcoin is working hard to establish a new short-term bottom here after the recent selloff. The price action over the past several sessions shows repeated attempts to push lower being absorbed, with buyers stepping in and preventing further downside follow-through. This kind of basing behavior suggests the market is trying to stabilize rather than roll straight into another impulsive leg down. Reclaiming and holding above the ~$90K area is an important development. While this doesn’t confirm a full trend reversal yet, it does shift the immediate risk away from straight downside continuation and toward consolidation and volatility. The structure looks messy and overlapping, which is typical during bottoming processes, especially after a sharp corrective move. With the holiday season approaching, I wouldn’t be surprised to see increased volatility as liquidity thins and positioning gets adjusted. Whipsaws around this range would be normal as the market searches for acceptance and a clearer direction. As long as BTC continues to hold above the recent lows and defend higher timeframe support, this still looks like a basing phase rather than a breakdown. For now, the focus is on whether BTC can continue building higher lows above $90K and eventually reclaim higher resistance levels. Until then, expect chop and volatility, but the effort to form a bottom here is becoming more apparent.