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Technical analysis by PouyanFa about Symbol BTC on 11/21/2025

https://finbeet.com/message/3934006
PouyanFa
PouyanFa
Rank: 203
3.1

Weekly Bitcoin Candle Analysis

Message Type:Neutral
Price at Publish Time:
$84,541.42
،Technical،PouyanFa

Momentum and selling pressure are high and Bitcoin has been bearish for 6 weeks; now the price is at a very important support zone. We are not trying to predict the future — it doesn’t matter to us whether Bitcoin becomes $1,000 or $1,000,000 because we are traders and our job is to read the trend. If sellers can break through this strong support level, we expect price to move toward the $60,000 area. However, the chance of a sharp move like that is low — it will likely be defended for at least one to two weeks, and we’ll see small weekly candles. For trading on lower timeframes I don’t recommend taking long positions due to the strong selling momentum, but if we see a sell trigger on lower cycles we will definitely enter. Now we will do a deeper review of sell triggers in the weekly watchlist.

Source Message: TradingView