BTC outlook on the weekly timeframe.

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BTC starting the week off bearish having broken the previous week's low's. The next rejection zone for BTC is around the 38,5k level which it is currently rejecting. If BTC manages to close below this level I see it dropping further down towards the next support zone around 37k. I remain bullish on BTC as long as my long term trend line is respected.

If BTC break the long term trend line I do believe it will enter a full bear market.