💥⚠️ Bitcoin Analysis, Can We Reclaim $80k or is $60k Calling ⁉️

The last weekly candle closed below the support level at this timeframe which was around $80.7k - $78.4k which is currently being tested as resistance marked in the red box on the chart. For now, it is to be treated as resistance with a possible leg down towards the next significant support level at around $71.3k - $69k.
✨️The Weekly Breakdown
Looking at the weekly chart, that red box represents a critical S/R flip ,where old support turns into new resistance. The candles are showing long upper wicks. If the price can't reclaim that $78k - $80k zone soon, resistance level leads straight down to the $71.3k weekly support. This lower level is where bulls step back in.
Conversely, if the inflows into BTC continue and BTC manages to show strength above the resistance zone mentioned 82.5k Monthly resistance just to be conservative with the trade, only then the chances of a bounce up towards 90k are possible.
For now, technically this is as bearish as it could be.
✨️ The Bullish View
For a true reversal, we need more than just a quick spike . If Bitcoin can clear $82.5k and hold it, it would invalidate the current bearish structure and likely trigger a massive short squeeze back toward the $90k mark. Until then, any upward movement is just a struggle .
⚡️BTC MACRO VIEW
On the monthly timeframe, BTC broke below the monthly level (82.5k) and is currently trading below it and the next significant monthly support is marked in the chart. That's the reason why most analysts are predicting a BTC bottom at around 60k since it's the pre breakout zone at this timeframe.
Macro Perspective: The 60k Magnet
When you look at the monthly chart, the loss of the $82.5k level is a major shift.
A drop to $60k would represent a significant correction, but historically, this is exactly the kind of "retest of the breakout" that Bitcoin does before a true parabolic move.
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