Bitstamp Weekly The 50 EMA is strong

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
171 0 2
On the weekly chart, the green line is the 50 EMA . This has acted as support in the past. However, if we do end up dropping below 400 we may finaly break it. If so the dotted red lines indicate areas of support. In my book we remain in a bear market until we break the solid red diagonal trend line
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