#Bitcoin weekly update:
On the weekly timeframe, BTC is trading just below the 50 EMA resistance, a level that has acted as strong resistance during previous bear market phases.
Right now, many traders and your favourite influencer believe the bottom is already in and that BTC is ready for a straight move toward new all-time highs.
But looking at historical cycles, the structure still doesn’t fully support that idea yet.
In past bear markets, BTC has usually spent around a year in the correction phase before a real trend reversal happened. We still haven’t completed that full cycle duration, which suggests there could still be one more major move lower before the market fully resets.
Another important thing is that during previous bear markets, BTC eventually touched the 350 EMA before starting a true bull market recovery. So far, we haven’t seen that happen in this cycle. The 350 EMA is currently sitting around the 53K–54K region, making it a major area to watch if the market weakens again.
Until BTC reclaims key higher timeframe resistance with strong momentum, this still looks more like a bear market rally than the start of a full bull run.
#bearmarket $BTC