All eyes on the 200 weekly ma.

taking it back to the chart I had set up on coinbase we can see btcusd once again finding good support on the 200 weekly ma....we can also see the last time we tested the weekly 200ma was the current bear market bottom of 3.1k...and we can see what the eventual result was a big bounce to 14k. it is obvious hoe crucial it is for us to maintain this moving average as support and fortunately we have two more key supports in this same area to hopefully help triple reinforce that support. Those are the 78.6 fib retracement at 5471 and the 5555 horizontal. If this zone flips to solidified resistance then the only help I see below it is a double bottom at the 3.1k zone and if that fails we could see this go all the way down to 1,000 maybe even as low as 900. For now I'm gonna give the 200 weekly ma a chance to prove itself once again. It should but with a black swan event like the current pandemic happening anything is possible.