This is the nail in the coffin for the bears. As long as BTC closes above $78,900 in 14 hours, it will have closed: - 1W candle above the 50SMA - 3 daily candles also above it The 50SMA is the bear final boss. It has been in every single bottoming cycle. The price does not push up and above the 50SMA, from oversold conditions, especially on the weekly, if it is in-fact, weak. It just doesn't happen, and has never happened. We have never had a period where Bitcoin closes 3 days above it, and makes any kind of low next. It has always pushed higher. None of this means that this cannot happen for the first time, this time. We may still drop lower after this - I have been eyeing $70k - $73k for a while... But now we are up at this level, around the weekly close, it does change things. Going off all of the data we have, Bitcoin closing above $78,900 this week has historically, 100% of the time, meant that we push much higher. The main thing to take away from this is not that prices will never ever drop again. But what it does, very very likely mean, is that downside is limited. Be prepared for all outcomes, but ignoring very key data like this is, is not smart. Even if we drop below $78,900 in 14 hours, i dont think it changes much. Every single time we have come up to the 50SMA, from oversold, we have always reclaimed it and pushed higher. A rejection today only delays the inevitable in my opinion. And all the data we have proves that. You do not need to overcomplicate it.