Published 20 Aug 2026, 13:02 UTC · fetched 19 Oct 2026, 13:37 UTC
Rekt Capital
@rektcapital
Quoting · 20 Aug 2026, 12:50 UTC · context given to the AI
#BTC Bitcoin has broken out from the Summer Range (blue-blue), breaching every one of the multi-week Lower Highs it had formed (black) More, for the first time ever - Bitcoin has performed double digit upside in a Bear Market August In saying that, this breakout is technically unconfirmed Of course, price doesn't need to pullback into the general resistance area of ~$66k-$67k that Bitcoin just broke In fact, Bitcoin is notorious for skipping such post-breakout retests when strength is on its side However, technically this will remain a possibility, especially since price is pressing deeper into a major macro resistance area that we'll discuss in the next post $BTC #Bitcoin#BTC One of the things to consider on this recent Bitcoin ascent: Can it reclaim the 21-week EMA (green) as support? In Bull Markets, naturally this EMA figures as a support However, in Bear Markets this EMA tends to act as resistance or even a failed retesting region if price overextends too much to the upside For Bitcoin to maintain its bullish strength, price would need to Weekly Close above the 21-week EMA and successfully retest it as support Because otherwise, if BTC fails the EMA retest and turns this 21-week EMA back into a new resistance, it will replicate the early 2026 Relief Rally and revert to continuing its Downtrend Generally, Bitcoin needs to confirm a breakout beyond its Macro Downtrend to confirm a new Macro Uptrend for Bitcoin At the moment, price is still forming Macro Lower Highs And in fact, Bitcoin would need to reclaim as support both the 21-week EMA (green) and the 50-week EMA (purple) to finally invalidate the Macro Lower Highs which history suggests could be too tall of an order to do at this moment in the cycle $BTC #BitcoinView original on X ↗
Deterministic: the same prices and policy always give the same result
unscored Repeat call within an existing 24h episode
Only the end-of-horizon price counts. A brief move followed by a reversal is not a success. Read the methodology
Repeated same-asset, same-direction calls count once, anchored to the first eligible post
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