BTCUSD: Is This Weekly Support Building the Road to 170K?

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BTCUSD: Is This Weekly Support Building the Road to 170K?Bitcoin / U.S. dollarBITSTAMP:BTCUSDSamiraa_BTCUSD has gone through a meaningful correction, but price is now trading back inside a major weekly support zone that has previously attracted strong demand. The latest bounce from this area suggests buyers are beginning to defend it again. If this zone continues to hold and Bitcoin confirms the recovery with sustained bullish momentum, the larger upside structure could resume. In that case, 170,000 remains the long-term target on my chart. The important part is not buying simply because price is sitting at support. I want to see the selling pressure lose strength and price continue to build higher from this base. That would show the market is accepting this zone rather than merely pausing inside it. However, a decisive weekly break below the support area would weaken the bullish thesis and leave room for a deeper correction. This is a personal market view, not financial advice. Always wait for confirmation and manage risk carefully.