We find ourselves at a critical point in my opinion on Bitcoin, will we break and hold over $7500 this week. As i have said the past weeks I fear we are in a descending triangle and we find ourselves at the top of the triangle here this week, though resistance is holding at the 20 week moving average which is the red line on the chart here. To break the pattern we need to see price come above this, and hold above it by the end of the week. If this is accomplished, the long term health of Bitcoin. We still have strong support at 6k in the long term so if we do retrace and hit 6k a fourth time , i'm unsure if it will hold. We have seen the breakout on the third bottom the last few weeks already. As of today we are in the 7500 range, hope for continued support.