Bitcoin traded near $86,448 on the weekly chart, with resistance capping price gains and technical indicators pointing to a deeper corrective phase. The chart outlines prior resistance rejections and mapped downside targets.
The TradingView chart shows Bitcoin failing at a highlighted resistance zone above $100,000. As a result, the price reversed toward a marked support near $78,000.
At the same time, the chart projects a measured downside move of about $75,378, representing a potential 70% decline. This projection places a key support zone near $31,925. The chart annotation questions whether Bitcoin has any chance of dropping below $50,000. That prompt frames the technical setup shown across multiple market cycles.