BTC: Weekly Close Below the 50-Week MA Weakens the Bullish CaseBitcoin / US DollarCOINBASE:BTCUSDMarketWarfareBitcoin has now closed a weekly candle below the 50-week moving average. For anyone arguing that this MA was holding as support, that changes the discussion. An intraweek wick below support can be rejected before the close. This time, buyers failed to recover the level before the weekly candle finished. The argument that “the 50-week MA is holding” now needs to become an argument for reclaiming lost support. Why this matters Price has already broken below the rising blue trendline shown on this chart. Now, the weekly close beneath a declining 50-week MA adds another sign of weakness. Together, these developments strengthen my bearish interpretation of the structure.