Bitcoin Weekly Chart Tests Breakout Near $78K
- —Weekly 50/55/100 EMAs cluster between $77.8K and $78.6K, with the 21-week near $73.7K
- —Price sits about 7% above the band; the 14-day ATR is roughly $2,459
- —The week of September 7 closed at $76,842 below the cluster; the next week closed at $81,178
- —A one-hour close above $84,296 opens $85,224 and $87,385; below $83,750 targets $83,130
Why it matters: Holding $78,000 would confirm a bullish weekly trend reversal, while losing it would invalidate the breakout and return sellers to control.
Source: Live Bitcoin News