Rekt Capital|5月 01, 2026 15:17
#BTC
Bitcoin had marginally Weekly Closed above the 21-week EMA (green), technically positioning price for a reclaim of this EMA into support
But because there was little room for the retest to be a clean one, it makes sense that price violently downside wicked below the EMA to perform a volatile retest of it
As part of the volatile retest, BTC was able to wick quite close to the Double Bottom formation top at ~$73k (blue)
Let's see how the Weekly Candle Closes because at a snapshot right now, a Weekly Close just like this would mean the retest of the 21-week EMA (green) was successful
Weekly Close below the EMA however and price could dip into the low ~$70ks once again
BTC #Crypto #Bitcoin(Rekt Capital)
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