TradeWize · free chart read

BTC is 56 weeks into a downtrend, bouncing inside a bear flag. The bounce is on thin volume. $81346.95 ends the flag, $62207.28 resumes the fall.

BTC-USD · WEEKLY · read on 2026-09-04 · Still forming.

What the read found

Trend: lower highs and lower lows over the window, 3 steps across 56 bars, still intact
Formation: bear flag — Still forming.
Decides above: $81346.95 (the bear flag)
Decides below: $62207.28 (the bear flag)
Resistance: $117092.55
Support: $58956.52
Support: $53158.04
Level history: The last two times price reached $117092.55 it held every time, bouncing 31% on average.
Level history: The last four times price reached $58956.52 it held every time, bouncing 35% on average.
Level history: The last three times price reached $53158.04 it held every time, bouncing 46% on average.

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Every figure on this page was computed from the real candles up to 2026-09-04. This is a description of a chart, not advice, a signal or a forecast. Disclaimer · What a read returns