Saad Ullah
⬤ Bitcoin is trading just above the May 2024 pivot VWAP zone after closing the latest week near $89,922, demonstrating resilience at a technical level that's shaped the broader trend for over a year. This anchored VWAP has consistently acted as a magnet for price during both rallies and pullbacks, and the current weekly structure shows buyers stepping in once again despite recent volatility.
⬤ Throughout 2024, Bitcoin tested this VWAP zone repeatedly before breaking higher, establishing it as a reliable reference point where demand returns. After peaking above $120,000, BTC pulled back to this same region and has now formed multiple weekly candles inside the support box. The pattern is clear: every major dip over the past 18 months has found stability around these VWAP layers, reinforcing their role as equilibrium zones where market participants reset positions.
⬤ What makes this setup significant is that holding above the May 2024 VWAP keeps Bitcoin's broader uptrend intact heading into 2026. The latest bounce off the lower VWAP line, combined with a weekly close above the zone, suggests underlying demand hasn't disappeared despite recent uncertainty. If BTC maintains this level, momentum could shift back upward. However, a decisive break below would signal a change in sentiment and potentially open the door to deeper corrections. With price hovering right at this critical anchor, the next few weekly closes will likely determine whether the market builds strength or slips into extended consolidation.
Saad Ullah
