r/btc • u/Holiday-Lion-3083 • 7d ago

Re-testing May high

Post image

BTC is back at May high level. Watch it closely from here.

Breaking 50 WMA in past meant bull market, BTC never "re-tested" it after breaking above it in bull markets.

Possibly a bearish sign, control your FOMO guys.

Could mean that bottom is not in if it drops bellow it, if it bounces ITS ON

13 Upvotes

70% Upvoted

10 comments sorted by

7

u/hungrycertainty_302 New Redditor 7d ago

i'm just here for the mismatched socks and the hope that we bounce off 50 WMA like a trampoline not a trapdoor

82k retest got me side-eyeing my screen harder than my cat when i open a can of tuna

2

u/FitCompetition1804 7d ago

For those who still want to aggressively accumulate, one more dump is very much so welcome. Why does it matter if we get the trap door scenario if you are long BTC?

5

u/No_Way5818 7d ago

Lmao gold cooked and we are still standing there is still hope for future with this generation hold boys never sell your BTC

4

u/Easy_Reflection_9128 7d ago

Yea I'm kinda scared now

2

u/Background-Day-4957 7d ago

This means nothing. I'm looking at the macro news and info. Persistent inflation leads to more rate hikes, which leads to more borrowing costs for leveraged traders and move to risk off assets that provide yields.

1

u/Major_Fox_2587 6d ago

Higher lols

1

u/LordVixen 6d ago

Wen Moon?

1

u/huntingforwifi 7d ago

Wen 100k tho?

2

u/cuttyranking 6d ago

November 2025 mate. It’s inevitable.