From TradingView · · 40s
Bitcoin Weakens, Weekly Trend Holds
Bitcoin dips but weekly trend remains strong.
In brief
Bitcoin dips but weekly trend remains strong. Bitcoin closed at $82,000 down 2.0% but weekly trend holds above key averages. Originally reported by TradingView.
Bitcoin Weekly Close
Bitcoin closed the week at $82,000, down 2.0% after trading as low as $79,700.
Second Consecutive Week of Dips
This was the second consecutive week of lower highs and lower lows, so the deterioration that started last week is still present.
Weekly Trend Holds
The weekly close remains above the 50-week average near $78,500, indicating a constructive correction.
Short-Term Structure
The $79,700 low is confirmed as the latest 3-day structural low, but price moved into compression rather than continuing lower.
What it means
Bitcoin closed at $82,000 down 2.0% but weekly trend holds above key averages.
