Because it has produced another, new Weekly Close below the 200-week MA
As a result, $BTC has shown double-confirmation of breakdown from the 200-week MA
Continued rejection here could send price lower
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Technically, is positioned for downside
Why?
Because it has produced another, new Weekly Close below the 200-week MA
As a result, $BTC has shown double-confirmation of breakdown from the 200-week MA
Continued rejection here could send price lower