$BTC almost pumped to $80,000 yesterday.
But it's now back to $77,500, which is the 50W EMA level.
If sellers manage to push Bitcoin below $77,000 here, it could cause a dump to $72,000-$73,000.
BITCOIN WEEKLY ANALYSIS
Bitcoin closed the week right on the Weekly MA 50 near $80,349. This is a major test, not a breakout.
Here’s what matters next 🧵
🚨BULLISH: Hyperliquid's HYPE just hit a new all-time high above $89, up over 60% in a month.
It peaked at $89.67 with 24-hour volume at roughly $629 MILLION.
This comes as Wall Street institutions now hold $75 MILLION in exposure to Hyperliquid ETFs.
$BTC is hovering around the $80,000 level.
Weekly close is the most important, as Bitcoin is very close to the 50W MA.
A weekly close above this would make a strong case for Bitcoin's bottom.