BTC Weekly Chart Signals Carnage as Bitcoin Bulls Fail to Defend $94.4k Support

Bitcoin (BTC)’s weekly price action just delivered a major warning shot to the market, suggesting potential carnage is on the horizon.

After days of attempting to hold above the crucial $94,400 support zone, BTC has now slipped back below the level, invalidating what many traders considered the last line of defense for the current uptrend.

At the same time, weekly technical indicators are flashing powerful bearish signals, raising the probability of a deeper correction in the weeks ahead.

$94,400 Breakdown Shifts Market Structure

The $94,400–$94,440 zone had acted as a major support region after Bitcoin’s recent breakout attempt. Bulls defended the level multiple times, creating the appearance of a strong base, according to the TradingView analysis by Klejdi Cuni. That defense has now failed.

BTC is currently trading near $93,000, confirming a breakdown back below the former support. In technical terms, this flips the zone back into resistance and shifts short-term market structure firmly in favor of sellers.

When major support levels fail after extended consolidation, it often triggers accelerated downside as trapped longs rush to exit and momentum traders flip short.

*Bitcoin bulls failing to defend $94,400 support. Source: KlejdiCuni/TradingView*

Weekly Chart Flashes Bearish ADMF Divergence

Zooming out, the weekly chart is sending an even more concerning signal, shared by NETchapter on TradingView. Bitcoin recently printed a higher high near $126,000, but Advanced Momentum Flow (ADMF) failed to confirm the move. Instead, momentum formed a lower high, creating a classic bearish divergence.

This same pattern appeared ahead of the 2021–2022 bear market, when BTC topped near $69,000 before entering a prolonged drawdown. ADMF is now deeply compressed in negative territory, suggesting capital inflows are drying up and buyers are losing control of the trend.

*Bitcoin bearish ADMF divergence. Source: NETchapter/TradingView*

Downside Targets Now In Play

With $94,400 broken, several downside levels move into focus. The first is the $90,000 psychological support, followed by the $88,000 prior consolidation zone, and the weekly swing lows below $85,000.

Some analysts warn that if the weekly structure continues to deteriorate, Bitcoin could be setting up for a multi-month correction similar to previous post-cycle drawdowns.

For the bullish thesis to survive, BTC must reclaim $94,400 as support, hold above $97,000, and break back into the $100K-$105K range. Until that happens, momentum favors sellers, and any upside bounces may face heavy resistance.

At the moment, Bitcoin is trading at $92,976.50, down 2.3% on the day, up 2.7% across the week, and accumulating a gain of 5.4% on its monthly chart, per the most recent price information.

*Bitcoin price 7-day chart. Source: CoinGecko*

Market Enters High-Risk Phase

With weekly divergence confirmed and a critical support level lost, Bitcoin is now entering a technically dangerous phase. Though long-term adoption remains strong, short-term price structure is deteriorating, and the charts are warning traders not to ignore the risk.

For now, the bulls are on defense, and the market is watching closely to see if they can fight their way back above $94,400 or if this breakdown marks the start of Bitcoin’s next major correction.