Rekt Capital Decodes the Simple Cycle That Is Fueling Bitcoin’s Rally
Main Idea
Rekt Capital's analysis highlights a recurring pattern in Bitcoin's price movement, where it breaks through major resistance levels and continues upward, currently holding strong around $118,000.
Key Points
1. Bitcoin is trading near $118,000, following a breakout from the $116,000 resistance level.
2. A recurring pattern shows Bitcoin breaking through major resistance levels and continuing its upward trend, particularly evident after the April 2024 halving event.
3. The current price action suggests Bitcoin is in a 'Price Discovery Uptrend 2,' with historical patterns indicating potential further gains.
4. Earlier in July 2025, Bitcoin consolidated around $108,017 after breaking out from the $85,000-$108,000 range.
5. Chart formations like the 'golden cross' suggest a possible next target for Bitcoin's price movement.
Description
Analyst Rekt Capital has identified a single, repeating pattern that is driving Bitcoin’s entire bull run The powerful pattern consists of a breakout, a consolidation phase, and a successful retest of old resistance The current consolidation above $116k perfectly fits this historical pattern, signaling more upside According to a new analysis from the respected market analyst Rekt Capital, Bitcoin’s entire bull run is following a simple, repeating historical pattern. His chart data shows a clear ...
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