A crypto analyst who successfully completed Bitcoin’s pre-halving correction last year believes that BTC is poised for more rallies after issuing bullish signals over multiple periods.
Pseudonymous analyst Rekt Capital told his 527,600 followers on social media platform
The trader shares a chart showing how Bitcoin cemented the $60,000 level as support in the fourth quarter of 2024, allowing BTC to reach even higher highs.
“Post-breakout quarterly retest and trend continuation confirmed.”
Zooming in, the trader claims that Bitcoin has broken the psychological resistance zone at $100,000, indicating that the sky is now blue for BTC.
“Requires daily close above $101,165 (black).”
Bitcoin ended the previous trading day above the Rekt Capital resistance zone. At the time of writing, BTC is worth $102,130.
As for the altcoin market, the analyst says he is closely monitoring the OTHERS chart, which tracks the total market capitalization of all cryptocurrencies, excluding the 10 largest digital assets and stablecoins. According to Rekt Capital, OTHERS printed a local bottom at around $315.57 billion after retesting the previous resistance zone as support.
“Altcoin market cap finds a bottom in the area circled in green.
This area served as a historical release point (red circles) but now serves as support.
At the time of writing, OTHERS is valued at $381.19 billion.
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