#BTC Bitcoin has actually performed a marginal Weekly Close above the 50-week EMA (purple) Technically, this is a bullish Weekly Close However, because it is a marginal one, price has very little room to dip to perform a successful retest Market conditions will need to be very bullish for this retest to become a successful one Another thing worth noting is the following: What if Bitcoin is perform a fake-breakout beyond the 50 week EMA (purple) in the same way that price did beyond the 21-week EMA (green) on the previous Relief Rally? At the end of the day, it all comes down to the retest And ultimately - here's what this is all about: Can Bitcoin sustain itself at these highs? Because previous Bear Market Rallies would dissipate within a few weeks and pullback substantially If this is a Bear Market rally, Bitcoin would need to fail the 50-week EMA (purple) retest and pullback over the next few weeks BTC #Bitcoin(Rekt Capital)