Bitcoin faces crucial weekly close at $113K. Key levels, CME gap analysis, and what bulls need to avoid three red candles in a row.Continue reading on Coinmonks »Bitcoin faces crucial weekly close at $113K. Key levels, CME gap analysis, and what bulls need to avoid three red candles in a row.Continue reading on Coinmonks »
Bitcoin Weekly Close: 72 Hours to Make or Break $113K
Press enter or click to view image in full size
Bitcoin Weekly Close
The 72-Hour Countdown That Matters
Right now, Bitcoin is testing crucial support levels. I’m specifically watching the 21-weekly exponential moving average. This level has provided strong support throughout this bull cycle.
The bulls need to defend key zones. If they fail, we could see three consecutive red weekly candles. That would be the first time this cycle, signaling potential trouble ahead.
I’ve identified two critical price levels to watch:
- CME futures gap around $116,800
- Conservative recovery target at $117,000
Why the Weekly Close Is Everything
Weekly closes matter more than daily noise. I learned this lesson watching previous bull markets unfold. The weekly timeframe filters out short-term volatility and shows the real trend.
Market Opportunity
BULLS Price(BULLS)
$403.77
$403.77$403.77
USD
BULLS (BULLS) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Sunmi Cuts Clutter and Boosts Speed with New All-in-One Mobile Terminal & Scanner-Printer
SINGAPORE, Jan. 16, 2026 /PRNewswire/ — Business Challenge: Stores today face dual pressures: the need for faster, more flexible customer service beyond fixed counters
Share
AI Journal2026/01/16 20:31
Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC
The post Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC appeared on BitcoinEthereumNews.com. Franklin Templeton CEO Jenny Johnson has weighed in on whether the Federal Reserve should make a 25 basis points (bps) Fed rate cut or 50 bps cut. This comes ahead of the Fed decision today at today’s FOMC meeting, with the market pricing in a 25 bps cut. Bitcoin and the broader crypto market are currently trading flat ahead of the rate cut decision. Franklin Templeton CEO Weighs In On Potential FOMC Decision In a CNBC interview, Jenny Johnson said that she expects the Fed to make a 25 bps cut today instead of a 50 bps cut. She acknowledged the jobs data, which suggested that the labor market is weakening. However, she noted that this data is backward-looking, indicating that it doesn’t show the current state of the economy. She alluded to the wage growth, which she remarked is an indication of a robust labor market. She added that retail sales are up and that consumers are still spending, despite inflation being sticky at 3%, which makes a case for why the FOMC should opt against a 50-basis-point Fed rate cut. In line with this, the Franklin Templeton CEO said that she would go with a 25 bps rate cut if she were Jerome Powell. She remarked that the Fed still has the October and December FOMC meetings to make further cuts if the incoming data warrants it. Johnson also asserted that the data show a robust economy. However, she noted that there can’t be an argument for no Fed rate cut since Powell already signaled at Jackson Hole that they were likely to lower interest rates at this meeting due to concerns over a weakening labor market. Notably, her comment comes as experts argue for both sides on why the Fed should make a 25 bps cut or…
Share
BitcoinEthereumNews2025/09/18 00:36
State Street Corporation (NYSE: STT) Reports Fourth-Quarter and Full-Year 2025 Financial Results
BOSTON–(BUSINESS WIRE)–State Street Corporation (NYSE: STT) reported its fourth-quarter and full-year 2025 financial results today. The news release, presentation
Share
AI Journal2026/01/16 20:46