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Published 17 Apr 2026, 13:45 UTC · fetched 20 Oct 2026, 05:28 UTC
Rekt Capital
@rektcapital
Quoting · 17 Apr 2026, 12:58 UTC · context given to the AI
#BTC Bitcoin's progression on the Daily timeframe has been promising, enabling price to maintain itself above the Double Bottom formation top of ~$73000 (blue) Bitcoin is as a result positioned for a positive Weekly Close Still, a Weekly Close just like this could precede a post-breakout retest into ~$73000 to attempt a full confirmation of the breakout However at the moment, it is the upcoming Weekly Close that will be most important to watch for After all, the last time price was at these prices in March, Bitcoin ended up producing an upside wick, which is why the Weekly Close is worth monitoring $BTC #Crypto #Bitcoin#BTC The immediate resistance on this current move could prove to be the 21-week EMA (green) After all, this EMA tends to act as resistance throughout Bear Markets Of course, Bitcoin has a history of overextending beyond this EMA in Bear Markets and then failing to retest it as support on the retest However this price behaviour has typically occurred prior to a crossover of the 21-week and 50-week EMAs, whereas these EMAs have already crossed over in mid-January 2026 $BTC #Crypto #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
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