As you can see, Bitcoin has hit the 21-50 moving average crossover line on a weekly timeframe. As we know, if Bitcoin gets stuck here and actually creates a reversible price action mode, we will most likely see a hefty drop to the $30,000 or even $ 20,000 channel. The worst-case scenario is that this weekly candle is closed as it is, and a new candle is created under it. In this case, we will have a fall to the previous floor.
I'm not saying 100% of this happens. If the candlestick closes like this and we see the following red candlestick, BTC will fall sharply.
But it is still possible that the candlestick will turn green and stabilize around $ 50,000 after cutting the MA lines. So, in this case, next week will be green and moving upwards.