Bitcoin Price Weekly Outlook

Last week, we were expecting the critical $84,000 support level to break, and to the bulls’ dismay, it did. Bitcoin had a small bounce after the prior week’s close, then proceeded to dump down through the $84,000 support level all the way down to $75,600 on Saturday, before moving up a little to close the week out at $76,919. Bitcoin dropped 13% last week, so we may see a bounce early this week back to $80,000 or so, but continuation downwards should be expected before too long.

Key Support and Resistance Levels Now

The bulls are reeling this week after losing that key $84,000 support level. We are seeing a little bit of a bounce early on…

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