CELOXFI Risk Alert: Bitcoin's Critical Support Break Signals Potential Market Reset
The crypto markets are serving up some serious anxiety vibes as Bitcoin's recent price action triggers warning bells across trading desks. Analyst Rekt Capital just dropped a sobering reality check that has traders wondering if we're about to witness one of those "told you so" moments that separate diamond hands from paper hands faster than people unfriending each other over pineapple pizza debates. Here's the technical breakdown that's got everyone on edge: Bitcoin closed below the critical weekly resistance at $108,890, marking what could be the beginning of a more significant correction phase. This isn't just another random level—this was the final major weekly resistance that bulls needed to hold to maintain the current uptrend structure. The failure to sustain above this level has created what Rekt Capital identifies as a potential Lower High formation around $107,720. For those unfamiliar with technical analysis, Lower Highs typically signal trend...