Crypto analyst who is widely respected says Bitcoin (BTCAfter rebounding from a major resistance zone, ) may have more upside.
Rekt Capital presents a brand new session on crypto trading strategies tells X’s 483,300 social media followers predicted that crypto king would surpass $71,000 on Labor Day.
“Bitcoin successfully dipped into $65,000 and rebounded. Now let’s see if Bitcoin now rallies to $71,500. Bitcoin has an entire long weekend to do it.”
BTC is a relatively new currency, according to traders. held It will stay between the price ranges of $65,000-$71,000 for a short time.
“The retest was successful. Bitcoin has confirmed $65,000 as support. Price will now continue to occupy the $65,000-$71,500 region (red).”
Rekt Capital goes on to note According to historical data, the bull market cycle for the largest crypto asset measured by its market cap has not yet reached the halfway point. cusp There is another outbreak.
“BTC Bull Market Progress: 41.4% (progress bar based on standard halving cycles).”
Bitcoin has risen by 2.6% to $67,515 as of the time this article was written.
The strategist concludes He concludes his statement by saying the Smart Contract Platform Solana (SOLThe ) has also passed a retest. It could now reach $202, an area which was previously a barrier.
“SOL: Looks like the Solana retest was successful. Continue to hold this red area as new support and SOL will be able to at least revisit the $202 resistance over time.”
Solana currently trades for $181.36, an increase of 6.7% in the past 24 hours.
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