Once again, we find ourselves at the mercy of a crypto analyst who, apparently, has the ability to predict the future—or at least the ability to make wildly confident statements about it. This particular seer, who goes by the captivating moniker of Rekt Capital, is telling his legion of 553,600 followers on X that Bitcoin is ready to embark on yet another rollercoaster ride. 🎢
According to Rekt—who sounds like he may also run a side business selling potions—Bitcoin needed to soar past $119,200 for a weekly candle close. Spoiler alert: it hit around $119,400. So, grab your popcorn, folks! 🍿
“Bitcoin did it.” I know, very articulate. 🔮 And then it went on to explain how it’s in the process of flipping a resistance level (because why not?) into support. Apparently, that means we should prepare for breakout rallies. Whatever that means. Can I sign up for one of those? 🤔
“Bitcoin Weekly Closed above the ~$119,200 Bull Flag Top and is now in the process of retesting it to fully confirm the breakout.” So, basically, we’re flirting with the idea of new heights while potentially dipping our toes into the danger zone. What an exhilarating sport! 🏄♂️
As of this riveting moment, Bitcoin is trading at the remarkably exact figure of $118,183. Fascinating, isn’t it?
Meanwhile, it’s not just Bitcoin that’s strutting its stuff; the meme coin, Pudgy Penguins (yes, those adorable little guys), is also making waves. Rekt declares that the altcoin looks as strong as a freshly brewed cup of coffee with just a splash of optimism—but only if it can dodge the “bearish divergence” on its daily chart. 🤷♂️
A bearish divergence, for those not in the know, is not a euphemism for a bad date; it’s a signal that suggests an asset is about to take a nosedive. How delightful! 🕵️♂️
“Pudgy Penguins has performed its highest ever Weekly Close, doing so above its final major Weekly resistance (blue).
Retesting the $0.04 old resistance (blue) into new support would confirm a successful post-breakout retest.” Just keep shaking those maracas and everything will be fine, right? 🎉
While the positioning is favorable, there are mounting Bearish Divergences on the Daily that PENGU will need to soon invalidate for stronger bull bias.” Because who doesn’t love living on the edge of financial chaos?
As of this very moment, you can snag yourself a Pudgy Penguin for a mere $0.041. I mean, who needs coffee when you can have penguins? 🐧
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2025-07-29 12:32