Weekly Bitcoin Forecast: Reaction from Key Support Zone

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Weekly Bitcoin Forecast: Reaction from Key Support ZoneBitcoinOANDA:BTCUSDLunadigitalOn the weekly timeframe, Bitcoin is currently reacting from a strong support zone around 66,000–61,000, which aligns with the previous consolidation area and the weekly trendline. This zone is acting as a key decision point for the market. After a strong rejection from the 98,000–101,000 resistance zone, price has dropped sharply and is now attempting to stabilize. The current structure suggests a possible short-term bounce from support, with a potential move back toward the resistance zone for a retest. If buyers step in strongly from this support, we could see a bullish recovery toward the 90K–100K region. However, if this support fails to hold, it may lead to a deeper correction, breaking the trendline and pushing the market toward lower levels. Overall, the market is at a critical weekly level—confirmation from this zone will define the next major move.