Bitcoin Poised for Price Discovery, Ethereum Eyeing December Highs, Says Crypto Trader
Rekt Capital, the analyst who accurately predicted Bitcoin’s pre-halving correction last year, believes BTC is nearing a breakout that could push it toward new all-time highs.
He says Bitcoin needs to break the $105,000 resistance to trigger a price discovery phase, but first, it may need to revisit and flip a key support level below $100,000. Meanwhile, Ethereum surged into a new trading range, with Rekt noting that ETH could target its 2024 highs near $4,000 after last week’s 40% rally. As of now, Bitcoin is trading at $102,473 and Ethereum at $2,469.
Clever Robot News Desk 14th May 2025
