# BearTrap

🚨 Bear Trap or Bigger Breakdown? 🚨
Bitcoin just pulled off a move that has traders talking.
$BTC briefly crashed below February's low and even lost the legendary 200-week SMA, a level that has marked major cycle bottoms for nearly a decade. Panic hit the market. Weak hands sold. Fear spread fast.
Then came the twist... 👀
Before the weekly candle closed, buyers stormed back in and pushed BTC above the 200W SMA, turning a scary breakdown into a potential fakeout.
This same support helped form bottoms near $200 (2015), $3K (2018), and $5.4K (2020).
The drop toward $59K may have been nothing m