A crypto expert who correctly predicted Bitcoin’s dip earlier this year is now saying the coin is on the rise.
Bitcoin’s Downtrend is Over
Rekt Capital, a popular crypto analyst with over 480,000 followers, believes Bitcoin has broken free from its recent downward trend. He says the coin is now entering an uptrend.
New Trading Range?
Rekt Capital thinks Bitcoin could be heading for a new trading range between $65,000 and $71,500. If Bitcoin manages to stay above $65,000, this range could become a reality.
History Repeating?
The analyst also points out that Bitcoin’s recent return to the $60,000 range suggests it could follow historical patterns and climb to new all-time highs. He emphasizes the importance of Bitcoin reclaiming its previous support levels.
Short-Term Dips? No Problem
Rekt Capital says that any future dips in Bitcoin are likely to be temporary. He believes these dips will act as a “retest” of support levels, ultimately strengthening the upward trend.
Bitcoin’s Current Price
Bitcoin is currently trading at around $64,794, up nearly 2% in the last 24 hours.
Disclaimer:
This information is for educational purposes only and should not be considered investment advice. Always do your own research before making any investment decisions. /p>
