Bitcoin’s Weekly Chart Turns Bearish - Targets Below!

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Bitcoin (BTC) – Weekly Technical Overview

BTC has broken down from its long-standing ascending parallel channel, confirming a shift in trend momentum. Price rejected strongly from the key resistance zone near $110K, followed by an impulsive drop below the 50-week EMA, which is now acting as dynamic resistance.

Current weekly structure shows a relief bounce toward the previous support-turned-resistance zone ($95K–$100K). Failure to reclaim this level keeps downside pressure intact. A lower-high formation in this area would reinforce bearish continuation.

The chart highlights a first target zone around $77K–$80K, aligned with major horizontal support. A deeper extension remains possible toward the next structural demand region near $66K and ultimately $53K, if selling accelerates.

Overall sentiment remains bearish while below the EMA and broken channel support. Bulls need a decisive weekly close back above $100K to regain control.

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