#BTC Bitcoin has deviated below the 200-week SMA, proving how unreliable a support this SMA can be In saying that, it's important to also mention that the 200-week SMA can also act as an unreliable resistance in the early phases of such a macro deviation Bitcoin is therefore likely to continue experiencing relief throughout July and so a brief reclaim of the 200-week SMA wouldn't be out of the ordinary to enable that limited relief-focused upside After that and over time however, Bitcoin would once again breakdown from the 200-week SMA to perform a deeper macro deviation below it to search of the final Bear Market bottom BTC #Bitcoin(Rekt Capital)