A case for a continued bull trend on BTC

1 Week bars on BTC paint an interesting larger picture.

-BTC did a perfect .61 fib retracement from its bulllish movement this year to the top ($14k~) to the most recent bottom ($7.2k~) (A perfect entry point).
-The 12, 26 MACD displays a short term drive to another positive crossover. While 5,10 or 7,14 MACD paints an even nearer term positive crossover however we need a lot of volume to cross the next resistance ($9.8k) and stay there.
-RSI indicates it's neither overbought nor oversold.
-The last 1W fractal was a down arrow (actually this is a bullish indicator)
-Moving average is actually falling.

Given this information I agree with the bullish trend line however not as parabolic as some would like. Maybe even sideways for a while.

My new long term take is your typical moderate volatility with opportunities to buy even cheaper than today before moving higher to above it's next support $9.8k with 7.6k - 8.6k being some great entry zones for long term holding.

Invalidation of this trend analysis/idea: 1W bear fractal coupled with a new low below $7.2k.