$BTC 'bout to commence a weekly downtrend? No es bueno!

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Currently, BTC is in a daily downtrend, making lower lows and lower highs. If BTC closes this weekly candle below $32,275, then BTC will be in a weekly downtrend. No prior BTC bull run has ever recovered from a weekly trend change.

Best case scenario for the bulls is to hold the 30K base support zone and chop sideways for couple months; however, if BTC closes this weekly below the prior weekly low, then looks like this run done son!

Weekend price action is often counter-trend. That said, maybe we see a little bounce up this weekend before further continuation down next week!

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