Bitcoin Rally Hits Resistance at Key Weekly Moving Averages

Bitcoin's recent rally is facing major resistance as it approaches key weekly moving averages. According to Rekt Capital, a crypto investor and analyst, Bitcoin has rallied into its 50-week exponential moving average (EMA), which is currently acting as resistance.

The analyst stated that Bitcoin must reclaim the 21- and 50-week EMA levels as support to strengthen the case for further upside. A weekly close above the 21-week EMA would mark only the first part of this confirmation process, with a successful retest and hold of the level necessary for validation.

Rekt Capital noted that both weekly averages have historically acted differently across bullish and bearish market phases. The analyst added that Bitcoin still forms macro lower highs despite the recent price recovery, and until these levels become support, the broader market structure remains unchanged.