Bitcoin's weekly chart shows price action consolidating near $68,152 after a sharp decline from the $112K December peak. Price is trading below all four key moving averages: MA(10) at $80,229, MA(20) at $91,821, MA(30) at $98,881, and critically below the MA(200) at $88,023. This bearish MA structure confirms a significant trend reversal, with the death cross (price below MA200) firmly in place. The most recent weekly candle shows a small-bodied consolidation pattern near the $68K level, suggesting indecision after the steep selloff. Weekly volume has been elevated during the decline, with recent bars showing 180-200K, confirming strong participation in the bearish move.

The Long-term PPO (21,34,0) has plunged deeply negative to approximately -11.30, trending sharply lower and well below zero—indicating strong negative momentum on the longer weekly timeframe. The Short-term PPO (5,13,0) reads approximately -11.80, also deeply negative and trending down, with no sign of bullish crossover or divergence. Both PPO indicators remain in bearish territory with no momentum reversal signals visible, reflecting sustained selling pressure across both intermediate and shorter-term timeframes.

The StochRSI (14) has collapsed near 0.0, residing in extreme oversold territory but not yet showing a clear turn higher—suggesting the oversold condition could persist or require further time to resolve. The Full Stochastic shows %K at approximately 19.90 and %D near 17.77, with both lines below the 20 oversold threshold. While oversold, there's no confirmed bullish crossover yet, and the indicator remains flat to slightly declining. The CCI (20) currently sits at approximately -167.48, deeply below the -100 oversold threshold, indicating extreme bearish momentum with no immediate reversal signal.

Immediate support lies at the current $68K consolidation zone, with psychological support at $65K. The first meaningful resistance sits at the recent pivot near $78-80K, followed by the MA(200) at $88K. The bearish MA alignment—with all short-term MAs below the MA(200) and fanning downward—suggests any rally attempts will face layered overhead resistance. Without a reclaim of at least the MA(10) at $80K, the weekly structure remains definitively bearish.