Bitcoin looks weak after another sharp reversal, but the bigger weekly picture is still neutral rather than broken — and could flip positive quickly for buyers.

• Bitcoin pushed higher, then snapped back down just as traders started turning hopeful.
• On the weekly chart a bottoming pattern is in play: the key line at $83,200 has been broken and closed above, with decent trading volume behind it.
• Two things are still missing — a weekly close holding above that line, and a push through the earlier rejection area near $87,200.
• Until both happen, buying now is premature; patience beats flipping between bullish and bearish every few days.
• Altcoins are the weak spot, with XRP trades getting stopped out while Bitcoin and Ethereum positions stay in the green.

Outlook: If Bitcoin closes the week above $83,200 and clears $87,200, the setup turns bullish with a path toward $120,000.

## Bitcoin Levels

• **Bias:** Neutral now, bullish only once both conditions confirm.
• **Buy / accumulate:** No longs yet — wait for a break above $87,200 after a weekly close above $83,200.
• **Support:** $83,200 (pattern neckline).
• **Resistance:** $87,200 (previous rejection point).
• **Targets:** $120,000.
• **Invalidation:** Losing $83,200 on a weekly close.