$BTC - Two Weeks Later It's now been two weeks since this post, and Bitcoin is still being squeezed between the same major higher-timeframe moving averages. The 50 & 100-week EMA continue to act as support, while the 50-week SMA continues to come down from above. With each passing day, these levels are getting closer and closer together. Like I said in the original post, I don't expect price to stay trapped here forever. Eventually one side is going to give. If Bitcoin breaks higher and starts getting accepted above the 50-week SMA over the next week, that would be a major change in structure and would give me the confidence that we're back into a bull market. If we lose the 50/100-week EMAs instead, then I'll be watching the move lower to see whether Bitcoin bounces off the 200D EMA/SMA and forms a higher low before continuing higher, or whether this eventually develops into a new lower low. -------------------- As a trader, I have to put my own bias aside and ignore what everyone online thinks. It doesn't matter how many people say the low is in or isn't in. The only thing that matters is what the chart is actually shows me.