Bitcoin is at a critical juncture as it navigates significant technical indicators and macroeconomic factors. Analysts highlight a bearish divergence and a rare two-week close below the 21-week SMA, with RSI levels echoing past pivotal moments. Historically, declines to the 200-week or 300-week SMA have marked major cycle shifts. Despite these bearish signals, recent price movements indicate potential strength, with Bitcoin breaking above the 50 SMA. Traders are closely watching for daily closes above $87,000, which could confirm a bullish trend reversal.