Bitcoin Price Update: Key Levels to Watch Over the Next 7 Days

Current Price: Below $85,000

With Bitcoin now trading below the critical $85,995 support level, the market has entered a more defensive posture. Here are the price levels that matter most over the coming week:

Immediate Support Levels

• $83,778 - Secondary Fibonacci support, now the first line of defense
• $78,000–$79,000 - Deep support zone with historical significance; critical psychological floor
• $76,763 - Weekly forecast low, ultimate downside target if deeper declines occur

Resistance Levels for Recovery

• $85,995 - Former support, now immediate resistance, must reclaim to stabilize
• $87,173 - 50% Fibonacci resistance
• $89,000 - Key pivot level, sustained move above signals bullish momentum
• $96,000–$103,000 - Primary resistance cluster for sustained recovery
• $107,000 - Longer-term upside target (only relevant if $96K–$103K is cleared)

7-Day Scenarios

Bullish Path: Hold $83,778 support, reclaim $85,995, break above $87,173, sustained move above $89,000 pivot, target $96,000–$103,000 zone

Bearish Path: Failure at $83,778, test of $78,000–$79,000 zone, decisive break below $78K confirms bearish structure, target $76,763

Bottom Line

$83,778 is now the critical level to watch. A hold here could spark a relief bounce toward $85,995–$87,173. However, losing this support likely accelerates selling pressure toward the $78,000–$79,000 zone.

A weekly close above $89,000 would signal strength; a weekly close below $78,000 would confirm a bearish trend toward $76,763.

Note: Bitcoin's weekly candle closes on Sunday at 00:00 UTC.