{"id":36547,"date":"2026-02-23T08:10:12","date_gmt":"2026-02-23T08:10:12","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=36547"},"modified":"2026-02-23T08:10:12","modified_gmt":"2026-02-23T08:10:12","slug":"analyst-warns-bitcoin-could-repeat-2018-and-2022-capitulation-events-if-btc-breaches-crucial-support","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=36547","title":{"rendered":"Analyst Warns Bitcoin Could Repeat 2018 and 2022 Capitulation Events if BTC Breaches Crucial Support"},"content":{"rendered":"<p><img decoding=\"async\" width=\"1024\" height=\"600\" src=\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2023\/12\/Says-Nothing-About-BTC.jpg?resize=1024,600\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"\" loading=\"lazy\" \/><\/p>\n<p>A widely followed analyst says Bitcoin may repeat an historical capitulation event if <a href=\"https:\/\/dailyhodl.com\/currencies\/bitcoin\/\" rel=\"noopener\" target=\"_blank\">BTC<\/a> fails to hold one key level.<\/p>\n<p>The analyst pseudonymously known as Rekt Capital <a href=\"https:\/\/x.com\/rektcapital\/status\/2021966999207723041\" rel=\"noopener\" target=\"_blank\">tells<\/a> his 563,100 followers on X that if Bitcoin loses support at the 200-week exponential moving average (EMA) it may plummet in value similar to what occurred in 2018 and 2022.<\/p>\n<p><em>\u201cWhat would confirm additional downside for Bitcoin? Historically, a weekly close below the 200-week EMA (black) followed by a post-breakdown retest of the EMA into new resistance (red circles) has triggered additional bearish acceleration. <\/em><\/p>\n<p><em>The 200-week EMA (black) represents the price point of ~$68,300. Therefore a weekly close below ~$68,300 followed by a bearish retest of it would likely position Bitcoin for a repeat of history with additional downside over time.\u201d<\/em><\/p>\n<figure class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/HA93g7vbsAA_YdU?format=jpg&amp;name=medium\" alt=\"Image\" width=\"1200\" height=\"922\" \/><figcaption class=\"wp-caption-text\">Source: Rekt Capital\/X<\/figcaption><\/figure>\n<p>The analyst <a href=\"https:\/\/x.com\/rektcapital\/status\/2023404897094484139\" rel=\"noopener\" target=\"_blank\">notes<\/a> that Bitcoin must convincingly breakout from the 200-week EMA resistance level to invalidate the likelihood of a collapse.<\/p>\n<p><em>\u201cBitcoin has weekly closed above the 200-week EMA (black) for the second week in a row. This 200-week EMA is a key confirmation trigger for additional downside. So by Bitcoin weekly closing above it, it is staving off bearish confirmation. <\/em><\/p>\n<p><em>However, this doesn\u2019t mean Bitcoin is now in the clear. In fact, in the absence of any meaningful upside from here going forward, there is a risk that BTC loses the 200-week EMA in time. History suggests price won\u2019t be able to produce much upside from this 200-week EMA before an eventual breakdown.\u201d<\/em><\/p>\n<figure class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/HBSTQCFbcAEztSh?format=jpg&amp;name=medium\" alt=\"Image\" width=\"1200\" height=\"922\" \/><figcaption class=\"wp-caption-text\">Source: Rekt Capital\/X<\/figcaption><\/figure>\n<p>Bitcoin is trading at $65,792 at time of writing, down 3.2% on the day.<\/p>\n<p><em><span>Follow us on <a href=\"https:\/\/x.com\/TheDailyHodl\" target=\"_blank\" rel=\"noopener\">X<\/a>, <a href=\"https:\/\/www.facebook.com\/thedailyhodl\/\" target=\"_blank\" rel=\"noopener\">Facebook<\/a> and <a href=\"https:\/\/t.me\/thedailyhodl\" target=\"_blank\" rel=\"noopener\">Telegram<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span>Don&#8217;t Miss a Beat \u2013 <a href=\"https:\/\/dailyhodl.com\/join-the-daily-hodl-email-list\/\" target=\"_blank\" rel=\"noopener\">Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em><br \/>\n<br \/>\n<em><span>Check <a href=\"https:\/\/dailyhodl.com\/crypto-markets\/\" target=\"_blank\" rel=\"noopener\">Price Action<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span>Surf <a href=\"https:\/\/dailyhodl.com\/daily-hodl-mix\">The Daily Hodl Mix<\/a><\/span><\/em><br \/>\n<\/p>\n<div class=\"hideinamp\">\n<div class=\"dianomi_context\" data-dianomi-context-id=\"736\"><\/div>\n<p>&amp;nbsp<\/p>\n<h6>Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n<p><span><em>Generated Image: DALLE3<\/em><\/span><\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/dailyhodl.com\/2026\/02\/23\/analyst-warns-bitcoin-could-repeat-2018-and-2022-capitulation-events-if-btc-breaches-crucial-support\/\">Analyst Warns Bitcoin Could Repeat 2018 and 2022 Capitulation Events if BTC Breaches Crucial Support<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/dailyhodl.com\/\">The Daily Hodl<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>A widely followed analyst says Bitcoin may repeat an historical capitulation event if BTC fails to hold one key level. The analyst pseudonymously known as Rekt Capital tells his 563,100 followers on X that if Bitcoin loses support at the 200-week exponential moving average (EMA) it may plummet in value similar to what occurred in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":36548,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[45],"tags":[],"class_list":{"0":"post-36547","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Analyst Warns Bitcoin Could Repeat 2018 and 2022 Capitulation Events if BTC Breaches Crucial Support - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=36547\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Analyst Warns Bitcoin Could Repeat 2018 and 2022 Capitulation Events if BTC Breaches Crucial Support - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"A widely followed analyst says Bitcoin may repeat an historical capitulation event if BTC fails to hold one key level. 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