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Bitcoin - Weekly Timeframe
Last week, we discussed how this current dip for Bitcoin was a crucial one.
In the past, retests of ~$36150 (blue) would fail (i.e. early and mid-2021) whereas those that didn't fail yielded upside into at least ~$43200 (orange).
If BTC is able to hold here for more that a couple of weeks, then there's a chance the buy-side pressure here would be more sustained and this blue support would be able to act as a springboard to higher prices.
The failed retests of the past were verified quickly; price stability would go against that tendency and could contribute to a more bullish bias from here.
The longer BTC holds here, the better it will be for uptrend continuation.