#BTC Bearish retest of ~$82200 into new resistance confirmed and price since dropped into ~$79000 And with the latest Weekly Close, Bitcoin has also Weekly Closed below $80400 (orange) As a result, Bitcoin is positioned for a bearish retest of this level also This current rebound into $80400 is currently seeing price reject from there and indeed is treating it as resistance for the moment Weekly Close below $80400 would confirm the bearish retest and could set price up for a drop into the Weekly levels below (blue) Bitcoin would need to Daily Close above $80400 and successfully retest it as support to instead show emerging strength BTC #Bitcoin