Total Quality
Score
If You Had Traded on This Analysis…
Pending
BTCUSDT
Long Entry
78,822.1000
2026-05-03
21:41 UTC
Target
92,970.0000
Fail
61,361.0000
Risk/Reward
1 : 1
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Bitcoin's weekly chart shows it has been trading within a long-term ascending channel. Recent price action indicates a potential support level at approximately 61,361. A break below this level could signal a bearish trend. Conversely, if Bitcoin sustains its position above this support and clears the 73,791 range pivot, it suggests continued bullish momentum, potentially targeting the 92,970 resistance level within the next one to three months. The market is currently in a state of consolidation or potential upward movement, with key levels to watch being 61,361 for support and 73,791 as a pivotal resistance/support area.
