$BTC Bitcoin remains rangebound on the weekly timeframe, with price only testing the upper boundary of the annual gap — without any confirmed breakout.
The current structure does not signal a reversal yet. However, similar to January, a false breakout followed by a sharp decline remains a valid scenario.
Both directions are still in play.
🔼 Upside Levels:
71,816 → 74,410 → 75,908 → 79,360 → 80,600
If price gets accepted inside the gap zone, expect exhaustion and a potential reversal downward.
🔽 Downside Levels:
69,017 → 65,740 → 62,510 → 60,000
57,672 → 55,364 → 53,906 → 50,654 → 48,189 → 46,216
-----
Repeated rejection from the range highs increases the probability of a downside continuation.
-----
Watch the reaction at the gap — this will define the next major move.
