Post
Glean Philips
Bitcoin is showing a familiar setup on the weekly chart.
We saw something similar in 2023, when BTC consolidated between the weekly MA 50 and MA 100 before breaking out and starting its next major rally.
Now in 2026, Bitcoin is once again trading between these two moving averages after getting rejected from the weekly MA 100 near $87,400.
Here's what I'm watching:
Support: Weekly MA 50 at $75,500 and MA 200 at $67,800.
Resistance: $82,000, followed by the weekly MA 100 near $87,400.
$BTC
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more
Replies
No comments yet. Be the first to reply!
Trending crypto
BTC/USDTBitcoin
$73,533.5+0.00%
ETH/USDTEthereum
$2,046.24+0.01%
SOL/USDTSolana
$82.91+0.01%
Today’s market buzz
1#BTC fell below $75,000 before the US October CPI release
2#AI stocks pull back: UBS says position reset, Bank of England warns of crash risk
3#Trump says the possibility of a large-scale strike on Iran is low, oil prices plummet
