Bitcoin is facing a critical moment as it approaches the 50-week Exponential Moving Average (EMA) near $100,000. This key support level has been tested recently, prompting discussion about potential bullish or bearish turns. Analysts at Rekt Capital highlight this test, noting that Bitcoin’s weekly close above the EMA would signal a possible reversal towards bullish territory, while a break below could indicate a bearish trend. A declining RSI suggests weakening momentum, though the historical significance of the 50-week EMA as a bounce point during corrections may influence the market’s reaction. Whether this test becomes a catalyst for sustained growth or signals a new downturn depends on factors such as institutional inflows and broader macroeconomic trends. The upcoming weekly close will be crucial in determining Bitcoin’s trajectory into late 2025.