Bitcoin / Weekly / Log Chart

Bitcoin is supported by the 50,200,300 EMA Lines for the past many years. Whenever BTC Bottoms, We see a huge capitulation candle with high sell volume . This means many bulls gave up and they sold all their Bitcoins at the bottom. Later, We saw recovery and saw new ATHs From there.
Currently, We last saw a Capitulation at 29k Last year.

Now since BTC Lost the 50EMA, The price is slowly getting gravitated towards the 200EMA. if we break 29k , Our next support will be 27k . And the worst case will be 20k.

If in case if i see a capitulation candle when we slowly go downwards, That will be the point where i will buy multiple coins heavily.