Looking back to prior bull runs, we see that the 21 Weekly EMA has been tested a handful of times to confirm support. During this current bull run, it hasn't been tested yet. Testing the 21 Weekly EMA is pretty common to see in traditional markets as well. I wouldn't be surprised to see a pull back to high $8k's to lower $9k's to confirm support. Current price action leads me to believe that this may happen over the next 2-4 weeks. Once confirmed as support, it is very likely that we a strong push upwards to make new ATH's.
***These are just my observations and opinions, don't take this as financial advice.***
***These are just my observations and opinions, don't take this as financial advice.***