As I mentioned in my previous post, two consecutive weekly lower highs could be disastrous. However, the price remains above the weekly trendline and is safe as long as it holds there. One hint that Bitcoin (BTC) is giving right now, leading me to believe it will hold this trendline, is the bullish divergence on the daily timeframe. BTC is forming descending triangle on weekly timeframe that most likely break to the upside, and losing the weekly trendline could lead to a breakdown towards $50,000.