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

A crypto analyst who weathered Bitcoin’s pre-halving correction final 12 months 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 social media platform

The dealer shares a chart displaying how Bitcoin has strengthened the $60,000 stage as help within the fourth quarter of 2024, placing BTC ready to soar to even higher heights.

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

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

“Requires a every day shut above $101,165 (black).”

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

Trying on the altcoin market, the analyst says he’s maintaining a detailed eye on the OTHERS chart, which tracks the overall market capitalization of all cryptocurrencies excluding the highest 10 digital property and stablecoins. In response to Rekt Capital, OTHERS printed an area low of round $315.57 billion after retesting the earlier resistance space as help.

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

This space traditionally acted as a degree of rejection (pink circles), however now acts as a degree of help.”

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

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Generated picture: Midjourney