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One of the more bearish metrics right now that doesn't look good...
Is the 200w SMA.
Weekly lost $65,500 and hasnt been able to get back above since.
Now, this weekly candle is currently below the 200w SMA and if it closes there would be first in a very long time.
Bitcoin has only ever closed below the 200w SMA in one bear market, 2022.
When it did, it stayed under for 6 months.
The bulls want Bitcoin back above $62,200 before the end of the week.