Bitcoin Bounce or Breakdown? Watch These Key RSI + Fib Levels This Week ₿⚠
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Bitcoin has pulled back from the 85,000–86,000 zone and is now hovering near the 23.6% Fibonacci retracement level. Using AutoFibGauge, QMA, and RSI, I’ve mapped out the key zones to watch for this week.
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Key Levels from the Chart:
• 86,909 – 100% (swing high)
• 85,696 – 61.8% Fib
• 83,992 – 38.2% Fib
• 82,093 – 23.6% Fib (Currently reacting here)
• 81,298 – 0% Fib (Support base)
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What I’m Watching:
• RSI is neutral (~52) but starting to tick upward — early bounce signs?
• If price holds above 82,000, we may see a move back to 83,900–85,600
• A breakdown below 81,300 could trigger deeper selling into the 80,000–78,000 zone
• QMA still shows bearish trend, so I’ll wait for structure confirmation before going long
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This setup is based on Fib structure + RSI strength + QMA confirmation — a combo I’ve found highly reliable on BTC/USD.
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LIKE ❤ & FOLLOW ➕ for more weekly crypto setups and pro strategies!
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#BTCUSD #Bitcoin #CryptoStrategy #RSI #Fibonacci #AutoFibGauge #QMA #TechnicalAnalysis #PriceAction #BTCAnalysis
⸻
Bitcoin has pulled back from the 85,000–86,000 zone and is now hovering near the 23.6% Fibonacci retracement level. Using AutoFibGauge, QMA, and RSI, I’ve mapped out the key zones to watch for this week.
⸻
Key Levels from the Chart:
• 86,909 – 100% (swing high)
• 85,696 – 61.8% Fib
• 83,992 – 38.2% Fib
• 82,093 – 23.6% Fib (Currently reacting here)
• 81,298 – 0% Fib (Support base)
⸻
What I’m Watching:
• RSI is neutral (~52) but starting to tick upward — early bounce signs?
• If price holds above 82,000, we may see a move back to 83,900–85,600
• A breakdown below 81,300 could trigger deeper selling into the 80,000–78,000 zone
• QMA still shows bearish trend, so I’ll wait for structure confirmation before going long
⸻
This setup is based on Fib structure + RSI strength + QMA confirmation — a combo I’ve found highly reliable on BTC/USD.
⸻
LIKE ❤ & FOLLOW ➕ for more weekly crypto setups and pro strategies!
⸻
#BTCUSD #Bitcoin #CryptoStrategy #RSI #Fibonacci #AutoFibGauge #QMA #TechnicalAnalysis #PriceAction #BTCAnalysis
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.