According to Rekt Capital, Bitcoin’s latest weekly close came in just above a key resistance level near $119,200 — a threshold he believes could act as the launchpad for another rally. With BTC finishing the week around $119,400, the stage may now be set for a bullish continuation, provided the price holds firm during an expected retest. 🧠🎯
Rekt notes that while short-term dips may occur, maintaining this breakout zone as support is crucial for the uptrend to gain traction. At press time, Bitcoin trades slightly lower around $118,183 — not unusual during early-stage confirmation phases. 💸🕵️♂️
Shifting focus, the analyst also commented on Pudgy Penguins (PENGU), a memecoin that recently reached its highest weekly close. Despite the strong technical positioning, he expressed caution. Bearish divergences on the daily chart suggest that momentum may be fading — and unless PENGU shows renewed strength soon, its breakout could stall. 🐧📉
In summary, while Bitcoin appears to be laying the groundwork for another leg up, not all assets are in the clear — especially those showing early signs of weakness beneath the surface. 🕯️💀
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2025-07-29 15:28