"The bears are back in town. $87,000 support has been lost, and $84,000 may not hold another test. If the bears can manage to get a daily close or two below $84,000, the price should accelerate down to the $72,000 to $68,000 support zone. We likely see a bounce from down there, but if it eventually gives wa,y we will look to the 0.618 Fibonacci retracement level at $58,000."
"After grinding above several resistance levels recently, the bulls are back where they started. Bulls must reclaim $88,000 first and foremost. From there, they will look to get above $91,400, then $94,000 once again. $98,000 has proven itself as strong resistance above here. In the unlikely event the bulls can push above $98,000, it should be a slow go up to $103,500."
"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,"
Bitcoin closed the week sharply lower at $86,588 after failing to sustain a move above $98,000. Bears regained control as $87,000 support was lost and $84,000 faces a critical retest. A daily close below $84,000 would likely accelerate declines toward a $72,000–$68,000 support zone, with a deeper retracement target at the 0.618 Fibonacci level near $58,000 if that zone fails. Bulls must reclaim $88,000, then $91,400 and $94,000 to reassert momentum, while $98,000 remains strong resistance. Corporate earnings this week could influence price, but odds favor further downside and a bearish market mood.
Read at Bitcoin Magazine
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