TradeWize · free chart read

BTC is coiling inside a rising channel with no clear trend. The coil is on thin volume. A close above $90523.78 or below $79634.64 decides it.

BTC-USD · WEEKLY · read on 2026-09-29 · Still forming.

What the read found

Trend: lower highs and lower lows over the window, 3 steps across 58 bars — and that run is OVER: price closed above the last lower high 2 bars ago. Do not describe it as a trend that is still running.
Formation: rising channel — Still forming.
Decides above: $90523.78 (the rising channel)
Decides below: $79634.64 (the rising channel)
Resistance: $117092.55
Resistance: $124582.27
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 three times price reached $124582.27 it held twice, bouncing 26% on average.
Level history: The last four times price reached $58956.52 it held every time, bouncing 35% on average.

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Every figure on this page was computed from the real candles up to 2026-09-29. This is a description of a chart, not advice, a signal or a forecast. Disclaimer · What a read returns