Rekt Capital|Apr 13, 2026 12:32
#BTC
In the weeks since this post...
Bitcoin lost the 200 week EMA as support and turned it into resistance
Only to then Weekly Close above it two weeks ago and successfully reclaim it as support last week
Indeed, as per the previous post, "the 200-week EMA is acting as both unreliable resistance and unreliable support never truly confirming a clear role, lending itself to meandering in and around here"
Here's what may be happening:
This meandering will likely continue to further build out this current cluster of price action to come across as sufficiently bullish but somehow ultimately fail to resolve with sizeable bullish momentum before transitioning into Macro Downside over time
BTC #Crypto #Bitcoin(Rekt Capital)
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