It could take a bit of time. Nice move today from Bitcoin, but unless we clear $82,700 before this daily close... We should prepare for some chop and consolidation around here. Every time Bitcoin has gone into, or very close to, oversold territory, and then pushed back up the the 1W 50SMA... It has sat below or around it for 4-6 weeks. This is a very key bear market level, and right now, is pretty much the last line of defence for them. It very likely won't be given up easy. But its highly important that you recognise that the overall trend has changed. Any time we have entered oversold, and then pushed back to that 50SMA, it has always broken through. You have to make sure you don't get bearish every time the price ranges or drops. We probably won't break it this week, but that does not mean dips are for buying.