Bitcoin (BTC) Weekly Close Above Key Support: Is the Bull Market Still Alive?

While Bitcoin (BTC) did have a weekly close above the key support of $106,000, Monday morning sees the king of the cryptocurrencies already down as much as 3%. Can the bulls survive this dogged down movement, or could Bitcoin be about to slip into a bear market? Strong support below suggests a bounce incoming) once again, but if one looks back at this moving average it can be seen that when the price came below, this was when the major trendline was ￰0￱ things stand, as long as the price maintains above the trendline, the uptrend is ￰1￱ the bottom of the chart, the Relative Strength Index reveals a support line at around ￰2￱ the indicator plays with this line there is normally a bounce right ￰3￱ upward trend persists