Bitcoin is sitting right at the line that decides whether the recent bounce turns into a new bull run or fades back down — good news for buyers if the weekly candle closes strong, bad if it doesn't.

• Bitcoin has climbed back above its key moving-average band after falling from six figures to the $58,000 area.
• The band already flipped bearish earlier, which is what confirmed the downtrend; getting back above it is the first step to reversing that.
• A weekly close near $79,000–$80,000, backed by real volume, would be the early sign a new bull market is starting.
• Without follow-through, a rejection here opens the door to a pullback toward the low $70,000s.

Outlook: The Sunday weekly close is the deciding event — above $80,000 with volume points higher, a failure points to $72,000.

## Bitcoin Levels

• **Bias:** Cautiously bullish, pending confirmation on the weekly close.
• **Sell / take profit:** Existing long positions held open, currently about $1.2 million in profit; no exit level given.
• **Support:** ~$72,000; prior cycle low at $58,000.
• **Resistance:** $79,000–$80,000 (red resistance).
• **Targets:** Above $80,000 weekly close confirms upside; downside corrective target $72,000.
• **Invalidation:** Weekly close below $79,000, or a close above without volume and follow-through.