BITCOIN weekly candle closed above the 4-year Trend Key level
BTC is sitting right on the macro long-term trendline that’s held the market together for 4 years.
This level has acted as major resistance 3 times over the last 3 years, now flipping as strong support.
As long as BTC holds above this trendline, the long-term outlook stays bullish.
$BTC is about to close its entire weekly candle below the lower Bollinger bands.
This has only happened once in crypto history.
"November 2018".
Zoom out to see what happened after that
Hint: Bottoms in.
$BTC has dropped below ETFs realized price for the first time in 2025.
If the $86,400 level isn't reclaimed soon, Bitcoin could experience some panic selling from ETF investors.