Highlights (Because Everyone Loves Bullet Points):
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Bitcoin smashed through not one, not two, but THREE major resistance levels in just one weekly candle. Someone give it a trophy or at least a participation ribbon.
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It heroically defended the 2025 yearly open price—briefly. Then dipped below it like it just remembered it left the stove on. Now analysts are side-eyeing this breakout like it’s auditioning for a reality TV show.
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BTC/USD is currently stuck in the “critical zone,” which sounds like a fancy spa but really just means, “Hold on, folks, things could get bumpy.”
Bitcoin (BTC) basically did the financial equivalent of a triple somersault over three key resistance hurdles in a week. Impressive? Sure. Stable? We’re still waiting on that answer.
Trading guru and chart whisperer Rekt Capital says Bitcoin’s doing some serious heavy lifting in this hot zone for bulls who are hoping for a happy ending.
Bitcoin’s Triple Resistance: Because Why Settle for One When You Can Do Three?
Last week’s Bitcoin weekly candle was like a mic drop, conquering a horizontal resistance line, a multi-month downtrend (hat tip to CryptoMoon for spotting that), and the 21-week EMA — all before its morning coffee.
“Bitcoin broke them all last week,” Rekt Capital bragged on X—because nothing says confidence like bragging about lines on a chart.
“Bitcoin broke the Triple Resistance.”
Not content with just smashing some lines, Bitcoin also put the 21-week and 50-week EMAs in the rearview mirror—classic bull market support zones that are now apparently more like “support zones if you believe in fairy tales.”
“Bitcoin has repeated mid-2021 price history with a breakout from its range formed by the two Bull Market EMAs,” Rekt Capital declared, as if history lover and Bitcoin analyst were the same job.
But Wait… Is the Party Over? BTC’s Weakness Is Still Throwing Shade
Meanwhile, the skeptics aren’t just whispering—they’re shouting. Keith Alan, cofounder of Material Indicators, dropped a YouTube video (because videos are still apparently the new black) spotlighting Bitcoin’s struggle to hold the 2025 yearly open price, hanging around $93,500 like an awkward guest who won’t leave.
After temporarily slipping below that level post-weekly-close, Alan has one eyebrow raised higher than the other.
“More downside volatility could crash the party,” he warns, while secretly hoping the 21-week SMA holds its ground like a bouncer at an exclusive club.
Alan describes the $BTC price area as “critical,”—code for “grab your popcorn, this is about to get interesting.”
We’ve also got some short-term price magnets hanging around $94,000, thanks to a giant wall of buy orders chilling on Binance futures. Some folks might call it support; others call it “please don’t crash.”
CoinGlass, the crypto watchdog that never sleeps, spotted this liquidity buildup and volleyed it on X on April 29, proving once again that crypto markets are as dramatic as your favorite soap opera.
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2025-04-29 11:38