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This is a big weekly close.
Its actually more importantly a big 2W Close.
Over the last two weeks Bitcoin has toyed with breaking below $60,000...
But has not managed to maintain it.
The 2W Candle closes tonight and is currently sitting above all prior 2W candle wick lows since the initial 60k bottom in Feb, and just above the 200w SMA.
If we close above these levels then Bitcoin is showing strength around the 200w SMA and its inability to break lower than $60k.
If we drop form here before the close then we open up the idea that this was a 200w SMA retest on lower timeframes.
What do you think about this 2w close chads?