Bitcoin News
By Sakamoto Nashi
1 / 11
Bitcoin (BTC) is currently trading in a narrow range, fluctuating between $114,000 and $120,000, as traders anticipate the next major move.
2 / 11
One of the most talked-about patterns in recent weeks is Bitcoin’s bull flag formation on the 4-hour chart.
3 / 11
While the technical setup appears bullish, the analyst warned of a possible rejection at the resistance zone.
4 / 11
In a broader perspective, analyst Rekt Capital offered insights into the weekly chart, noting that Bitcoin managed to close the previous week above the bull flag’s top boundary.
5 / 11
Rekt Capital also discussed the potential formation of a diamond-shaped candlestick on the weekly chart.
6 / 11
CME Gaps—price gaps on the Chicago Mercantile Exchange caused by weekend trading differences—have become a recurring influence on Bitcoin’s price action.
7 / 11
Another layer of analysis comes from Rekt Capital’s view on Bitcoin’s current trend cycle. He stated that BTC has entered the fourth week of what he calls its “second Price…
8 / 11
Rekt Capital emphasized the need for caution as the cycle matures. He noted that if Bitcoin confirms a breakout this week, the trend could continue upward, reinforcing the…
9 / 11
The crypto community remains divided in sentiment. Some traders view Bitcoin’s consistent defense of the $114,000 support level as a sign of strong institutional and retail buying.
10 / 11
The coming weeks will likely determine whether Bitcoin is ready to break into new territory or if this rally is nearing exhaustion.
11 / 11
Investors and traders alike are now watching key technical signals and macro developments closely.
The Currency Analytics
Want the full story?