#BTC Not much has changed structurally since late August Bitcoin has continued to Weekly Close above the 50-week EMA (purple) but is still below the major resistance (red) Whatever upside Bitcoin has managed to generate from here has consistently been cancelled out Bitcoin continues to hold the 50-week EMA (purple) but is currently slinking just below it so will need to Weekly Close above the EMA to preserve it as support Weekly Close below it however and we could see price replicate the bearish price action similar to when BTC Weekly Closed below the green 21-week EMA (red circle) Bitcoin will need at minimum continued stability here for progress and at best a new Higher High to shift the macro trend At the moment, price is still at a Lower High, still at major resistance, still undecided relative to the Macro Downtrend, and displaying continued signs of Daily Bearish Divergences BTC #Bitcoin(Rekt Capital)