From TradingView · · 1m
Bitcoin Weekly Recovery Survived Correction
Bitcoin closed the week at $83.7K, down 3.2%, after falling to $80.3K but still above key trend averages.
In brief
Bitcoin closed the week at $83.7K, down 3.2%, after falling to $80.3K but still above key trend averages. Bitcoin's weekly recovery survived a correction but weakened, closing at $83.7K after dropping to $80.3K. Originally reported by TradingView.
Bitcoin's Weekly Recovery Survived Correction
Bitcoin closed the week at $83.7K, down 3.2%, after falling as low as $80.3K.
Weekly Structure Remained Constructive
The weekly candle produced both a lower high and lower low than the previous week, the first since August.
Price Stayed Above Key Trend
Bitcoin closed above the 50-week trend average near $78.4K, indicating continued constructive momentum.
Correction Weakened Recovery
The recovery survived but weakened, with weekly momentum cooling and U.S. spot Bitcoin ETFs recording $679 million net outflows.
Next 3-Day Close Matters
A 3-day close above $87.2K would show repair; below $82.5K would weaken the structure further.
Weekly Close on October 18
The next weekly close occurs October 18 at 23:59 UTC, with the recovery surviving but weakened.
At a glance
Bitcoin's weekly recovery survived a correction but weakened, closing at $83.7K after dropping to $80.3K.
