A decisive weekly candle? Bitcoin had an eventful week By crossing three levels of key resistance. However, despite these breakthroughs, the BTC is still in a critical area, with analysts like Rekt Capital and Keith Alan Material Indicators Stressing the importance of the annual opening level of 2025, located around $ 93,500. This level could determine the future direction of the price.
- Bitcoin managed to cross three key resistance levels, but remains in a critical area, according to analysts.
- The level of annual opening of 2025, around $ 93,500, is crucial to determine the future direction of the BTC price.
Bitcoin in front of a triple resistance …
According to theanalyst Rekt Capitalthe last weekly Bitcoin candle broke three major resistances:
- The weekly horizontal resistance;
- The pluri-mensual downward trend line;
- EMA (exponential mobile average) over 21 weeks.
“Bitcoin repeated the history of prices in mid-20121 with a break in its range formed by the two EMAs of the Haussier market. »»
Rekt Capital – Source: X account
However, despite these breakthroughs, Bitcoin must still confirm a solid support to validate a lasting upward recovery.
For Keith Alan of Material Indicatorsthe real test lies in the capacity of the BTC to maintain its course above the level of annual opening of 2025, or approximately $ 93,500. A brief passage below after the weekly fence aroused concerns.
… With important levels to monitor and fear
This is confirmed by this analyst:
“This is one of the reasons why I think we could see more volatility down. »»
Keith Alan de Material Indicators – Source: YouTube
In addition, he hopes that the simple mobile average (SMA) over 21 weeks will hold out, because the price is currently in a « Critical zone ».
In addition to the level of $ 93,500, two levels are also monitored:
- $ 94,000 : A liquidity purchase barrier on the Binance Futures order book, indicated by Quincecould act as a short -term magnet for the price.
- $ 88,000 : Some analysts, such as those of Cryptoconenvisage a possible return to this level before a bullish recovery.
While Bitcoin has managed to cross several resistances, he remains in a critical area. BTC’s ability to maintain its course above $ 93,500 will be decisive for the future. Traders will have to remain vigilant in the face of possible increased volatility, while the market continues to digest recent movements. Bitcoin is at the crossroads during that or more bulls look at each other from the corner of the eye.