Bitcoin: The “Calm” Before the Chaos – Is It Finally Ready for the Big Breakout? 🤔🚀

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After achieving what can only be described as a heroic weekly close, Bitcoin (BTC) now stands at a critical juncture, attempting to anchor two key levels as its foundation before it decides whether to skyrocket into the unknown or just fizzle out like a forgotten meme. Some analysts, ever the optimists, have labeled this moment the “calm before the storm.” Because, you know, Bitcoin just LOVES playing hard to get. 😏

Bitcoin’s Quest for Support: It’s Complicated

Bitcoin, in its infinite wisdom, managed to close above not one, but TWO significant levels over the past few days, notching its highest weekly close in history. Apparently, the crypto king has decided to aim for a return to its old playground, the $109,000 territory, after flirting with this area for a solid four days. But don’t get too excited; it’s just a warm-up.

On Sunday, BTC breached the sacred $109,200 level and wrapped up the week holding on to it like a cat holding onto the last shred of dignity after being tossed in water. Oh, and it also confirmed its diagonal daily trendline as support. It’s all very official now, folks. The cryptocurrency is now testing the final frontier to confirm its breakout. But let’s not get ahead of ourselves. 🤨

Rekt Capital, whose name sounds suspiciously like something straight out of a dystopian novel, has boldly stated that the goal is to turn this resistance into support. If successful, BTC could very well charge toward new all-time highs. But he does warn, “Since the price barely closed above the final weekly resistance, this retest might be as messy as a toddler with a paint set.” In other words, brace yourselves for a potentially bumpy ride. 🚨

However, Rekt Capital also reassures us that there’s substantial High Timeframe (HTF) support lurking below, which should act as a springboard, propelling Bitcoin into what we all hope will be Price Discovery Uptrend 2.0. Stay tuned for that blockbuster sequel. 🎬

On a side note, Bitcoin has also reclaimed its re-accumulation range high of $104,400, and for the past two weeks, it’s been doing a pretty good job of holding that ground. June’s monthly close above $102,464 added some much-needed stability, allowing this little upward candle of hope to sprout in July. It’s like a garden, only with more volatility and fewer flowers.

And just to keep things interesting, the $107,244 level has emerged as yet another critical point. Welcome to the “retesting phase.” It’s like Groundhog Day, but with numbers that might just make you cry. 🧮

Will BTC Break Out Before Summer Ends?

Rekt Capital, ever the storyteller, considers this phase to be “the calm before the storm.” How many times have we heard that before, huh? “Oh, it’s all fine and dandy now, but just wait—chaos is coming.” Well, Rekt, we’re all waiting for that storm. No pressure. He continues, “As long as this retest continues, Bitcoin will keep positioning itself for its second Price Discovery Uptrend,” which sounds fancy but also very… vague. 😬

Daan Crypto Trader, the ever-watchful crypto prophet, has warned that the next few days could be pivotal for BTC’s price action this month. According to Daan, Bitcoin has a tendency to hit its monthly high or low within the first 12 days, and then proceed to mess with your emotions by reversing 20% of that movement. It’s like being on a rollercoaster built by someone who really enjoys chaos. 🎢

June, however, was an anomaly—Bitcoin was practically on vacation, just meandering around with no real direction. Now, Daan is urging investors to keep their eyes peeled for any “big moves” within the first 12 days of July. Something tells me he’s not the type to enjoy a peaceful, uneventful summer. 😅

“For now, there’s been little action in July,” Daan admits. But, he adds, “Technically, we’re still looking perfect around these levels,” whatever that means. With the summer slowness upon us, it’s possible that Bitcoin might just sit in this range until the end of Q3 or the start of Q4. That’s when we’ll see the fireworks—or perhaps just the slow, agonizing buildup. 🎇

Ultimately, the cryptocurrency must break out of this current range before anyone gets too excited about “much higher prices later this year.” So, don’t hold your breath—or do, it’s your choice. 😜

As of this writing, Bitcoin is trading at $107,973, with a minor 1% drop in the daily timeframe. Nothing to lose your mind over—yet. 😉

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2025-07-08 10:28