Alice Alice

Did Bitcoin just pull off another classic bear trap? $BTC briefly dropped below February’s low and slipped under the 200-week SMA, triggering fear across the market. But before the weekly candle closed, buyers stepped in and pushed price back above this key long-term support level. 📈 What makes this interesting is that the 200W SMA has historically marked major market bottoms  from around $200 in 2015, to $3K in 2018, and near $5.4K during the 2020 crash. The move to $59K may have shaken out weak hands, but the quick recovery suggests the breakdown could have been a fakeout rather than the start of a deeper downtrend. Now the big question: Was this a bear trap, or is Btc setting up for another test of support? #BitcoinBreaksAbove$63K