Rekt Capital|Aug 20, 2026 13:00
#BTC
Bitcoin reached the 50-Month EMA (purple) and is even overextending beyond it at this time
But in doing so, Bitcoin is pressing deeper and deeper into the very major resistance (blue) that the historical 2022 fractal suggested price would reject from
The 50-Month EMA delineates the bottom of the major resistance, confluent with the February/March 2026 lows and envelops the 2024 Monthly candle-bodied highs
A Monthly Close below the 50-Month EMA would probably be bearish for Bitcoin because it would confirm that this resistance will be the general ceiling for price at this moment in the cycle
Whereas Bitcoin would need to clear this resistance and/or reclaim the 50-Month EMA as support in an effort to try to start building the foundations to breaching the Macro Lower Highs
The Monthly Close will be pivotal
BTC #Bitcoin(Rekt Capital)
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