Bitcoin Price Weekly Outlook

What a disastrous weekly close for Bitcoin, that about sums it up. After tapping $98,000 resistance the week prior, the bitcoin price just went straight down last week to close near the lows at $86,588. The bulls have been corralled back into their pens and will need a lot of help to break out once again. The bears will look to continue their momentum into this week to break down the $84,000 support level once and for all, and take the price down to the low $70,000 area. Bulls must defend $84,000 like never before to avoid a breakdown this week.

Key Support and Resistance Levels Now

The bears are back in town. $87,000 support has been lost,…

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