#BTC As it stands, Bitcoin is positioned for yet another bearish Weekly Close Bitcoin would need to Weekly Close above ~$78300 to stave off additional downside, at least momentarily But even then, any lesser rally than the mid-September uptrend originating from this local ~$76800 support would be a sign of weakening support at ~$76800 Bulls have a lot of work to do to turn things around and at the moment the bears are in full control Let's see how the Weekly Candle Closes as that will offer more confirmation regarding the health of ~$76800 and ~$78250 as levels of historical reaction BTC #Bitcoin