Rekt Capital|Oct 18, 2026 15:00
#BTC
Bitcoin keeps rejecting from the Lower High resistance (black trendline)
In fact, today's Daily candle upside wicked beyond it, only to reject again
More, Bitcoin keeps Daily Closing inside the orange support region and rejecting from the top of it
The Weekly Close will take place in a few hours and so consistent rejecting from this Daily Lower High (black) would force price into a Weekly Close below $82500
Such a Weekly Close would position Bitcoin for a potential bearish retest of ~$82500 into new resistance
And if that bearish retest occurs successfully then it could set price up for a drop below $80k within the next few weeks
BTC #Bitcoin
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink