Crypto analyst, who correctly predicted Bitcoin’s correction before the pre-halving last year, believes BTC will continue to rally after flashing multiple bullish signals.
Rekt Capital, a pseudonymous analyst on social media platform X tells its 527.600 followers that Bitcoin is likely to continue on an upward trend after converting a prior resistance level in support over a three-month period.
The trader shows a graph showing that Bitcoin reached the support level of $60,000 in Q4 2024. This puts BTC into a better position to reach even higher heights.
The trader zooms in and says that Bitcoin has broken through the psychological resistance at $100,000. This means it is now all clear skies for BTC.
Bitcoin closed the day’s trading above Rekt Capital’s resistance zone. BTC was worth $102,130 at the time this article was written.
The analyst is keeping an eye on the chart OTHERS, which shows the market capitalization of the entire crypto market excluding 10 major digital assets, stablecoins, and other smaller coins. Rekt Capital says that OTHERS has reached a bottom of around $315.57bn after retesting previous resistance as support.
The Altcoin Market Cap finds its bottom in the circled green area.
This region has historically been a point of rejection, but is now acting as a support.”
OTHERS was valued at 381.19 Billion dollars as of the time this article is written.
Join us at X@InvCryptoDaily to never miss a beat.
Sources of Images include Pixabay Creative Commons & Midjourney
The post Crypto Strategist says trend continuation is now ‘confirmed,’ and sees altcoins finding a bottom may be updated as new information becomes available.
This site is for entertainment only. Click here to read more
