Usman Salis
⬤ Bitcoin is hanging tough above a major weekly support zone after bouncing back from its recent dip. Price has stabilized around the $90,000 mark instead of breaking down through the support floor in the mid-$80,000s. The consolidation shows BTC is building strength rather than collapsing after the pullback.
⬤ The technical picture still looks bullish—there haven't been any weekly closes below the support band near $85,000. The broader invalidation zone sits down in the low-$70,000s, giving Bitcoin plenty of breathing room for normal volatility without breaking the overall uptrend structure.
⬤ What really matters here is Bitcoin's ability to hold above weekly support while keeping the $112,000 target in focus. That level represents the first major resistance zone, not necessarily the end of the road. Since BTC typically sets the tone for the entire crypto market, this resilience above support keeps the door open for renewed momentum toward those higher price zones.
⬤ The setup is straightforward: as long as Bitcoin holds above the invalidation area on weekly closes, the bullish case stays intact. A breakdown below that zone would flip the script, but right now BTC is doing exactly what it needs to do—consolidate, hold support, and prepare for the next leg higher.
Usman Salis
