Loading…
Published 1 Jun 2026, 11:53 UTC · fetched 20 Oct 2026, 05:28 UTC
Rekt Capital
@rektcapital
Quoting · 27 May 2026, 17:13 UTC · context given to the AI
#BTC For a few weeks, Bitcoin was able to hold the 21-week EMA (green) as support However recently, Bitcoin has since lost the EMA and has turned it into new resistance Continued rejecting from the EMA could force price to perform a post-breakout retest attempt of the Double Bottom formation top (~$73k) $BTC #Crypto #Bitcoin#BTC Bitcoin has Weekly Closed above the top of the Double Bottom formation ($73k, blue) What this means is that the retest has initially been successful, even though price is slinking below $73k at this very moment But for as long as price continues to retest the $73k level throughout this week, Bitcoin could trend continue from here Turning $73k into resistance would be a sign of weakness as that would fail the Double Bottom post-breakout retest confirmation $BTC #Crypto #BitcoinView original on X ↗
Deterministic: the same prices and policy always give the same result
r = 63429.84 / 72388.76 − 1 = -12.38%d × r = -12.38% (neutral only if the price is unchanged) → incorrectOnly the end-of-horizon price counts. A brief move followed by a reversal is not a success. Read the methodology
Uses only text available at publication time
Think the interpretation or outcome is wrong? Sign in with X to request a correction, so reviewers know who is asking.
Sign in to request a correction