According to @CryptoMichNL, Bitcoin’s near-term trend hinges on whether BTC holds above the 20-Week Moving Average on the weekly close, making that level the key directional trigger for traders. source: @CryptoMichNL on X He adds that a weekly close above the 20-Week MA accompanied by a solid bounce would likely confirm the final capitulation phase, comparable to the COVID crash and the FTX low. source: @CryptoMichNL on X The author highlights the weekly close versus the 20-Week MA as the primary confirmation signal to watch, indicating a constructive market shift if BTC rebounds and closes above that level. source: @CryptoMichNL on X