Rekt Capital|Aug 20, 2026 13:09
#BTC
One of the things to consider on this recent Bitcoin ascent:
Can it reclaim the 21-week EMA (green) as support?
In Bull Markets, naturally this EMA figures as a support
However, in Bear Markets this EMA tends to act as resistance or even a failed retesting region if price overextends too much to the upside
For Bitcoin to maintain its bullish strength, price would need to Weekly Close above the 21-week EMA and successfully retest it as support
Because otherwise, if BTC fails the EMA retest and turns this 21-week EMA back into a new resistance, it will replicate the early 2026 Relief Rally and revert to continuing its Downtrend
Generally, Bitcoin needs to confirm a breakout beyond its Macro Downtrend to confirm a new Macro Uptrend for Bitcoin
At the moment, price is still forming Macro Lower Highs
And in fact, Bitcoin would need to reclaim as support both the 21-week EMA (green) and the 50-week EMA (purple) to finally invalidate the Macro Lower Highs which history suggests could be too tall of an order to do at this moment in the cycle
BTC #Bitcoin(Rekt Capital)
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