The sell-off saw Bitcoin fall through the first major support level at $18,419 before finding support on the weekend.
A bullish weekend saw Bitcoin revisit $19,400 before ending the week at sub-$19,200 levels.
The pullback to sub-$19,400 levels left Bitcoin in the red for the week,
4 days in the red that included a 4.52% slide on Tuesday delivered the downside for the week. A 4.26% rally on Saturday and a 1.92% gain on Sunday pared some of the losses, however.
For the week ahead
Bitcoin would need to avoid a fall through $18,756 pivot to support a run the first major resistance level at $19,884.
Support from the broader market would be needed for Bitcoin to break out from last week’s high $19,460.
Barring an extended crypto rally, the first major resistance level and resistance at $20,000 would likely cap any upside.
In the event of another breakout, Bitcoin could test resistance at $20,500 before any pullback. The second major resistance level sits at $20,587.
Failure to avoid a fall through the $18,756 pivot would bring the first major support level at $18,053 into play.
Barring another extended sell-off, however, Bitcoin should steer clear of sub-$17,000 support levels. The second major support level sits at $16,925.
At the time of writing, Bitcoin was down by 0.16% to $19,148.5. A bearish start to the week saw Bitcoin fall from an early Monday morning high $19,180.0 to a low $19,008.3.
Bitcoin left the major support and resistance levels untested at the start of the week.