BTC SQUEEZED BETWEEN THE 21 WEEKLY EMA AND LONG TERM TREND LINE

Bitcoin price is trying it find itself again after the crazy drop in the price last week. I am sure you have heard this a million times whenever BTC price is below the 21 weekly EMA it is relatively bearish and typically during that time it is very risky to invest in altcoins. Bitcoin seems to be supported by a very important macro trendline that dates all the way back to the pandemic crash in March, 2020. For the next few weeks or even months I am expecting the price to trend sideway along this support line until it can decisively break above the 21 weekly EMA and flip that as support. Until then things are not looking bullish IMO even if Altcoins can still go up but if BTC gets a hard rejection at the 21 weekly EMA things will get ugly real fast for the entire market. If BTC breaks this macro support trendline a lower low will be expected in the mid to low 20K's. That will give people a chance to really load up and push this thing much much higher in the next 1 to 2 years. I am bullish with BTC in the mid to long term.