#BTC Bitcoin is forming a Bearish Engulfing Weekly Candlestick Pattern

Technically, the 7th week of Price Discovery has historically meant a BTC correction occurred around this time

However, we are still a few days away from full confirmation of the weekly close, so a lot can change

Technically, this is still a decline until the weekly level is confirmed as a loss

However, we know that the 7th and 8th weeks of Price Discovery have historically been correction weeks

So the thing to do now is to watch for historical confirmation and a repeat of the loss of key support levels in the coming days