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Published 5 Nov 2026, 15:20 UTC · fetched 5 Nov 2026, 15:31 UTC
Rekt Capital
@rektcapital
Quoting · 2 Nov 2026, 15:53 UTC · context given to the AI
#BTC Bitcoin has produced a marginal Weekly Close below ~$78300 (blue) and is positioned for a bearish retest In fact, price is already finding resistance at this level This recent Weekly Close, though subtle, resembles the same technical predicament as this past May (red circle) That is, in both instances Bitcoin lost ~$78300 as support and turned it into new resistance $BTC #Bitcoin#BTC Bitcoin is bearish retesting an old support as new resistance for the third consecutive week Earlier this week we spoke about how Bitcoin had produced a marginal Weekly Close below ~$78300 to position for a bearish retest After all, over the past few weeks, Bitcoin has been upside wicking beyond these old supports but rejecting from them to confirm them as new resistance This is evidence of renewed sell-side pressure, stacking itself at lower and lower Weekly levels Let's see how Bitcoin performs its upcoming Weekly Close But ~$76800 is absolutely crucial support right now $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
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