Another week, another rejection for $BTC at the 50-week moving average, which is currently around the $83K bear market invalidation level. What stands out is how the 50WMA has behaved in previous bear cycles. Bitcoin has typically tested it twice. The first test usually comes somewhere around the early-to-middle stages of the bear market, followed by a rejection and another move lower. The second test tends to come later in the cycle, and that’s when price has historically broken through. So far, this is BTC’s first test of the 50WMA in the current cycle. If we fail to reclaim it over the next few weeks, I wouldn’t be surprised to see some mean reversion after this recent move higher. If that happens, I’d expect the next retest of the 50WMA to have a much better chance of breaking through and invalidating the bearish structure. #BTC Price Analysis# #Macro Insights#