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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
