Bitcoin Nears All-Time High Breakout, Says Crypto Strategist
A highly regarded analyst, who accurately anticipated Bitcoin’s recent correction, now predicts that the cryptocurrency is on the brink of a significant breakout to reach its all-time high.
Rekt Capital, a pseudonymous analyst with a large following on social media, explains that Bitcoin has already begun the breakout process. By closing the last week of March above the critical resistance level of $69,000, Bitcoin has taken the crucial first step. According to Rekt Capital, the final step for Bitcoin to confirm the breakout is converting this resistance level into a strong support. As per the analyst’s chart analysis, Bitcoin must not dip below $65,596 on a weekly closing basis for a successful retest.
At the same time, Rekt Capital is also bullish on several altcoins, including Solana (SOL), which shows signs of forming a bullish continuation pattern. Dogecoin (DOGE) and Litecoin (LTC) are also on the analyst’s radar, with DOGE positioned for a rally above $0.30, and LTC signaling the end of its multi-month downtrend.
Clever Robot News Desk 3rd April 2024
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