BTC Weekly Candle will be closed for $80,000 after bounce from 74.4k support

• Bitcoin bounced off $74.4k and closed the week at $80,147 with a profit of 2.24%.
• OBV and RSI chart signals show bullish divergence as sellers become weaker and buyers get.
• The weekly support zone since early 2024 is currently serving as a key level of Bitcoin's current price action.

Bitcoin has now surpassed $80,147 after bounces from $74.4k, and is now emerging as a key technical support for the weekly chart. The recent Cantonese chart shows BTC trades between $74,458 and $83,506, up 2.24% at $80,147 for the week. The 74.4K level coincides with the previous resistance zone and is now serving as support. Price action suggests that retesting may already have occurred.

Furthermore, the upward core and strong candle body reflect new demand from lower levels. The development follows a few weeks of decline after Bitcoin peaked above $100,000 in 2025. As a result, analysts are currently assessing the sustainability of this bounce.

Considered as a local bottom by 74.4K level analysts

Users noted that $74.4K may have marked important local bottoms based on current weekly structure. According to the charts, the zone overlaps with prior resistance from 2024 and is being tested with recent DIP. Strong candle recovery supports the Bulls' chances of defending Levels. Furthermore, this level is located near the main liquidity zone for the higher time frame.

The price was also defined as nearly $73,000 in support and resistance slightly above $83,000, leaving it within a wider range. This structure reflects the integration pattern formed in early 2024. Therefore, continuity depends on how prices behave around these defined zones.

Furthermore, it was unable to fall below $74.4K, which could lead to renewed accumulation, leading to potential upward movements. In the zone, repeated interactions were observed in past integration phases. As a result, analysts see it as a reliable reference point for market watchers.

Bullish divergence detected by daily indicators

In a follow-up post, Cantonese_CAT reported bullish divergence of balance volume (obv) and relative strength index (RSI). These technical signals suggest that they weaken the bearish momentum and increase the strength of buyers at current levels. OBV indicates accumulation as it rises while prices drop. RSI divergence further supports cases of lower sales pressure.

Thus, both indicators now coincide with possible shifts in the short-term trend direction. The combination of weekly structure and daily divergence may draw even more attention. Importantly, these signals have emerged mainly around historically reactive price ranges.

Furthermore, these signals could guide traders' strategies as volatility continues to rise. Checking prices beyond major resistance could strengthen bullish convictions. Until then, traders were closely watching how Bitcoin interacted with the $80k threshold.

Does Bitcoin check 74.4K as the turning point in the market?

With BTC stable above $80, analysts are currently asking key questions. Can Bitcoin maintain this rebound and validate $74.4K as a confirmed weekly bottom?

The answer depends on future weekly closures and whether support applies to increased volatility. The momentum indicator is consistent with the structure. If prices exceed $83,000, there could be a continuing upward continuation in future sessions.