A crypto analyst predicts Bitcoin (BTC) is about to surge to new all-time highs.
Breaking Through Resistance
Rekt Capital, a popular analyst with a large YouTube following, believes Bitcoin is nearing the end of a correction phase. He points to a historical pattern suggesting an upcoming price discovery phase – meaning BTC will trade at levels never seen before. According to Rekt Capital, the key is breaking through a significant resistance level.
He explains that while Bitcoin has briefly hit new all-time highs before, a sustained breakout is needed to confirm a new uptrend. This confirmation, he says, comes from closing above the $104,671 level on the weekly chart.
The Catalyst for a Bitcoin Rally
Rekt Capital emphasizes the simplicity of his prediction: A weekly close above $104,671 could trigger a major price increase. At the time of writing, Bitcoin is trading slightly below this level, at around $103,621.
Disclaimer: This information is for general knowledge and does not constitute financial advice. Always conduct your own research before making any investment decisions.
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