One widely followed crypto analyst says that Bitcoin (BTC) is convincingly breaking out and on track to have a series of big rallies after printing a new all-time high Wednesday of about $94,800. Pseudonymous crypto analyst Rekt Capital tells his 505,900 followers on the social media platform X that Bitcoin appears to have entered the […]
The post Bitcoin Smashes Another All-Time High as Crypto Analyst Says ‘Breakout Confirmed’ for BTC appeared first on The Daily Hodl.
One widely followed crypto analyst says that Bitcoin (BTC) could be in the middle of a phase of largely uninterrupted upside. Pseudonymous crypto analyst Rekt Capital tells his 505,900 followers on the social media platform X that BTC’s current run run could continue unabated for a few more weeks. At time of writing, Bitcoin is […]
The post Bitcoin Entering ‘Price Discovery’ With Best Yet to Come, According to Crypto Analyst – Here’s Why appeared first on The Daily Hodl.
A crypto strategist who accurately called the pre-halving Bitcoin correction this year believes BTC is undergoing a technically sound breakout process. Pseudonymous analyst Rekt Capital tells his 507,000 followers on the social media platform X that Bitcoin is in the process of flipping a key resistance level into support. “The old downtrend is now acting […]
The post ‘Textbook’ Breakout Underway for Bitcoin As Critical Support Level Holds: Crypto Analyst appeared first on The Daily Hodl.
A closely followed crypto analyst says that Bitcoin (BTC) is close to confirming a breakout after repeatedly pushing against tough resistance. Pseudonymous trader Rekt Capital tells his 504,000 followers on the social media platform X that BTC is one daily close away from validating a breakout from a seven-month range. “Bitcoin is once again pressing […]
The post Bitcoin (BTC) Edging Toward Confirmed Breakout As Price Pushes Against Resistance, According to Analyst appeared first on The Daily Hodl.
A widely followed cryptocurrency analyst and trader believes that Bitcoin’s (BTC) transition into an explosive part of the market cycle is near. In a video update, pseudonymous analyst Rekt Capital tells his 91,200 YouTube subscribers that Bitcoin is following a similar path to previous bull runs, including the lengthy consolidation around the halving. “We’ve seen […]
The post Bitcoin Transitioning Into New Parabolic Move to the Upside, According to Crypto Analyst appeared first on The Daily Hodl.
A popular analyst and trader says Bitcoin (BTC) may be gearing up for a breakout after holding a key support level. The analyst pseudonymously known as Rekt Capital says in his newsletter that Bitcoin is looking bullish on the weekly time frame and could soon make a run to around $67,000 to kick-off October. “Bitcoin […]
The post Crypto Analyst Says Bitcoin Due for Breakout After Successful Macro Price Retest – Here’s His Outlook appeared first on The Daily Hodl.
Crypto analysts say a daily close above $65,000 would confirm “bullish momentum,” but a possible reversal still can’t be ruled out.
Bitcoin (BTC) is at a critical crossroads. While some traders are optimistic about an imminent surge as BTC’s price passes $66,000, others are not ruling out a retrace back to $60,000.
The speculation comes after Bitcoin surpassed $65,000 on Sept. 26 for the first time since Aug. 2.
Kraken analysts opined in a note viewed by Cointelegraph that:
A widely followed crypto analyst says that one dog-themed memecoin that has printed six-figure gains in just ten months is on the brink of another breakout. In a new strategy session, crypto trader Rekt Capital tells his 501,600 followers on the social media platform X Dogecoin (DOGE) rival dogwifhat (WIF) looks ready to skyrocket once […]
The post Dogecoin Competitor That’s Skyrocketed Over 150,000% in Ten Months on Cusp of New Uptrend, According to Analyst appeared first on The Daily Hodl.
A closely followed analyst is forecasting a breakout for Bitcoin (BTC) later this month based on historical patterns. The pseudonymous analyst known as Rekt Capital tells his 497,000 followers on the social media platform X that cycles based around the Bitcoin halving – when miners’ rewards are cut in half – suggest that a bullish […]
The post Late September Breakout for Bitcoin Likely Approaching, According to Crypto Analyst – Here’s Why appeared first on The Daily Hodl.
The metrics suggest that Bitcoin is unlikely to be overvalued at current levels, and its price action is developing “steadily without significant anomalies or sharp jumps.”
Although Bitcoin’s price is yet to reclaim its March all-time high, an analyst claims two key metrics show that the bull market remains strong and steady with no signs of a deep correction.
In an Aug. 18 report, CryptoQuant researcher Axel Adler looked to two key metrics — the bubble vs. crush market structure and the ratio between the difference of market cap and realized cap and the standard deviation of market cap (MVRV-Z score) — as signals that Bitcoin’s current price action is tracking a healthy path forward.
“We can see that the current bull cycle is developing quite steadily without significant anomalies or sharp jumps,” Adler added.
