Crypto Strategist Says Trend Continuation Is Now ‘Confirmed’ for Bitcoin, Sees Altcoins Finding a Bottom

A crypto analyst who nailed Bitcoin’s pre-halving correction final yr believes BTC is poised for extra rallies after flashing bullish indicators on a number of time frames.

Pseudonymous analyst Rekt Capital tells his 527,600 followers on the social media platform X that Bitcoin will seemingly proceed its uptrend after flipping a earlier resistance stage into assist on the three-month time-frame.

The dealer shares a chart exhibiting how Bitcoin cemented the $60,000 stage as assist in This fall of 2024, placing BTC able to soar to even larger heights.

“Submit-breakout quarterly retest and pattern continuation confirmed.”

Zooming in, the dealer says Bitcoin has shattered the psychological resistance space at $100,000, indicating that it’s now all blue skies for BTC.

“Wants a day by day shut above $101,165 (black).”

Bitcoin ended the earlier buying and selling day above Rekt Capital’s resistance zone. At time of writing, BTC is price $102,130.

Wanting on the altcoin market, the analyst says he’s conserving an in depth watch on the OTHERS chart, which tracks the overall market cap of all crypto excluding the ten largest digital belongings and stablecoins. Based on Rekt Capital, OTHERS printed a neighborhood backside at round $315.57 billion after retesting the earlier resistance space as assist.

“The Altcoin Market Cap finds a backside within the inexperienced circled space.

This space has acted as a historic level of rejection (pink circles) however now could be appearing as assist.” 

At time of writing, OTHERS is valued at $381.19 billion.

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