Bitcoin (BTC) experienced a sharp pullback over the past week, falling nearly 8% to nine-month lows near $81,000, as markets reacted to rising geopolitical tensions in the Middle East and renewed tariff threats from U.S. President Donald Trump. After the initial sell-off, price has stabilized modestly and recovered toward the $82,000 area, suggesting that buyers are beginning to respond at historically relevant levels.

Bitcoin technical analysis

BTCUSD - 1 Week Time Frame

From a technical perspective, the $82,000 zone represents immediate support, a level that previously played a key role in both early 2025 and late 2025. The current reaction from this area indicates that downside momentum has slowed, though broader conditions remain fragile.

Above current price, the first notable upside reference lies at the $93,000 support-resistance (S/R) zone. This level is currently acting as resistance but served as a reliable support area in late 2024 and again in mid-2025, reinforcing its technical significance. A move back toward this zone would likely test market conviction and broader risk appetite.

Should Bitcoin fail to build sustained momentum from current levels, price may oscillate between the $82,000 support and the $93,000 S/R zone, reflecting ongoing uncertainty and consolidation. On the downside, $78,000 stands out as a major support, marking a deeper technical floor where buyers previously showed strong interest.

Bitcoin price target

In a scenario where market sentiment improves and geopolitical pressures ease, a recovery toward $93,000 becomes the first meaningful upside objective. A successful reclaim and hold above this level could open the way toward the $105,000 S/R zone, which is currently acting as resistance but has historically played a pivotal structural role.

Beyond that, further upside could extend toward $115,000, with a higher resistance area near $123,000, where selling pressure previously emerged during earlier advances.

Conversely, failure to sustain above the $82,000 support may keep Bitcoin locked in a broader consolidation range, with risk of a retest of $78,000 if bearish pressure intensifies. As it stands, Bitcoin remains technically constructive on a longer-term view, but near-term direction will likely depend on whether current support can continue to absorb selling interest.