bullish

Solana

Bitcoin

Resistance

would

<p><a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a><br><img src="https://bitcoinworld.co.in/wp-content/uploads/bitcoin-bottom-unconfirmed-85000-weekly-close.jpg"><br><a href="https://bitcoinworld.co.in/bitcoin-bottom-unconfirmed-85000-weekly-close/" rel="noopener noreferrer nofollow">Bitcoin Bottom Not Confirmed Until Weekly Close Above $85,000, Analyst Warns</a></p>
<p>A widely followed crypto analyst has cautioned that Bitcoin (BTC) has not yet confirmed a market bottom, arguing that a decisive weekly close above $85,000 is necessary to validate any recovery. The analysis, shared by Cheds Trading on his YouTube channel, comes as Bitcoin attempts to break out from a W-shaped double bottom pattern.</p>
<h2 id="analyst-resistance-remains-despite-pattern-breakout">Analyst: Resistance Remains Despite Pattern Breakout</h2>
<p>According to Cheds Trading, Bitcoin’s recent price action shows signs of a rebound, with the asset appearing to form a bullish double bottom structure. However, the analyst emphasized that this pattern alone is insufficient to declare a definitive bottom. He pointed to persistent resistance levels that have historically capped upside momentum.</p>
<p>The key threshold, he argued, is the $85,000 mark. Until Bitcoin can close a weekly trading session above this level, the risk of further downside remains elevated. The analyst described the current move as a breakout attempt that still faces significant selling pressure near resistance.</p>
<h2 id="broader-market-outlook-solana-and-ethereum-at-risk">Broader Market Outlook: Solana and Ethereum at Risk</h2>
<p>The analysis extended beyond Bitcoin, offering a bearish perspective on Solana (SOL). Cheds Trading characterized Solana’s recent price increase as a mere rebound within a larger downtrend, suggesting that the asset is likely to encounter resistance before reselling lower.</p>
<p>On Ethereum (ETH), the analyst warned that a breach of the critical $2,150 support level could trigger a major correction. This level has acted as a floor for ETH during recent market volatility, and a breakdown would signal a shift in market structure.</p>
<h3 id="why-this-matters-for-traders-and-investors">Why This Matters for Traders and Investors</h3>
<p>For market participants, the distinction between a temporary rebound and a confirmed bottom is crucial. A weekly close above $85,000 would provide stronger evidence that Bitcoin has established a support base, potentially attracting institutional and retail buying interest. Conversely, failure to hold current levels could extend the bearish phase.</p>
<p>The warnings on Solana and Ethereum also highlight the fragile state of the broader altcoin market, where many assets remain dependent on Bitcoin’s directional lead.</p>
<h2 id="conclusion">Conclusion</h2>
<p>While Bitcoin’s recent price action shows technical improvement, the analyst community remains divided on whether the worst of the selloff is over. The $85,000 weekly close threshold stands as a critical test for bulls. Until that level is reclaimed, caution is warranted.</p>
<h2 id="faqs">FAQs</h2>
<p><strong>Q1: What is a double bottom pattern in Bitcoin?</strong><br>A double bottom is a bullish reversal pattern that forms after a price decline, resembling a ‘W’ shape. It suggests that selling pressure is exhausted and a trend reversal may be underway, though confirmation requires a break above the pattern’s neckline.</p>
<p><strong>Q2: Why is a weekly close above $85,000 important?</strong><br>A weekly close above $85,000 would confirm that buyers have absorbed selling pressure at that level, turning it into a support floor. Without this confirmation, the market remains vulnerable to further declines.</p>
<p><strong>Q3: What happens if Ethereum loses the $2,150 support?</strong><br>A breakdown below $2,150 could trigger a significant selloff in Ethereum, as it would invalidate a key support level and potentially lead to liquidations of leveraged long positions, accelerating the decline.</p>
<p>This post <a href="https://bitcoinworld.co.in/bitcoin-bottom-unconfirmed-85000-weekly-close/" rel="noopener noreferrer nofollow">Bitcoin Bottom Not Confirmed Until Weekly Close Above $85,000, Analyst Warns</a> first appeared on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.</p>

Bitcoin Bottom Not Confirmed Until Weekly Close Above $85,000, Analyst Warns

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