Bitcoin needs weekly close above $85k to avoid correction to $76k: analysts

**Bitcoin Eyes Key Weekly Close to Avoid Drop Below $76K**

**Bitcoin’s Weekly Close Crucial for Future Price Direction**

Bitcoin (BTC) analysts are closely watching the upcoming weekly close as the cryptocurrency struggles for momentum amid mixed global market signals. While easing inflation concerns provide support, fears of a global trade war continue to create uncertainty.

According to Ryan Lee, chief analyst at Bitget Research, Bitcoin must close above the critical $85,000 level to sustain its bullish trend. A failure to do so could lead to a pullback toward $76,000. “A close above $85,000 could prevent a drop and signal strength, while $87,000 would provide a clearer bullish confirmation,” Lee told Cointelegraph.

### Market Sentiment and Key Levels to Watch

Bitcoin has seen limited price movement, rising just 0.9% over the past week. A weak weekly close risks a retest of the $76,600 support zone. However, long-term holders continue to accumulate Bitcoin, adding over 250,000 BTC since February, indicating strong confidence in its long-term prospects.

With macroeconomic conditions such as steady interest rates and cooling inflation favoring risk assets, the next weekly close will be a key indicator of Bitcoin’s next major move. Investors should closely monitor price action and accumulation trends for insights into Bitcoin’s future trajectory.