Bitcoin: Weekly Resistance Flip Alters Market Structure
Bitcoin at $84453.7 confirms weekly resistance zone flip, shifting market structure via recurring Support → Breakdown → Breakout pattern.
SourceAnalysis
Bitcoin flipped its former resistance zone on the weekly chart, altering market structure through the recurring pattern of Support → Breakdown → Loading → Resistance → Rejection → Breakout → Continuation.
With BTC price at $84453.7 inside Bollinger Bands on the 4h chart, the upper resistance at $84905.01 caps upside while the 50-EMA support at $83506.15 offers the next logical pullback target before continuation; the neutral RSI at 52.2 and MACD death cross at 172.31 signal short-term consolidation rather than reversal in this BTC price prediction setup tied to Bitcoin weekly chart recurring patterns bull market cycles.
Trader Tardigrade
@TATrader_AlanTechnical chartist and crypto content creator focused on Bitcoin and altcoin pattern analysis.