#BTC Bitcoin has Weekly Closed below the 50-week EMA (purple) Technically, this could set price up for a bearish retest of the 50-week EMA into new resistance That said, at this very moment price is trying to reclaim the EMA If this price action ends as an upside wick by the end of the week, this will have been a bearish retest to confirm the breakdown from the 50-week EMA BTC #Bitcoin