Well, folks, buckle up, because the world of crypto is about to get even more wild than a cat on catnip. An analyst who *totally* nailed Bitcoin’s pre-halving correction last year (imagine having that kind of foresight, right?) is now saying that Bitcoin is on the brink of something spectacular. We’re talking about a *potential* rally to new all-time highs. Yep, you heard that right—*new* highs. Again.
Rekt Capital, the pseudonymous trading genius with over half a million followers on X (that’s Twitter, for those of us who aren’t on the cutting edge of lingo), says that Bitcoin’s next big hurdle is smashing through that pesky $105,000 resistance. Once that happens? Well, apparently, all bets are off, and Bitcoin will be in full-on price discovery mode. Sounds fancy, huh? Essentially, it’s like Bitcoin going on a trip to parts unknown—where the sky’s the limit, or at least, *way* beyond $105,000.
“Can Bitcoin Weekly Close above the Range High of its recently reclaimed Re-Accumulation Range to kickstart the breakout process?”
“Bitcoin is on the cusp of beginning Price Discovery Uptrend two.”
Now, in crypto-speak, “price discovery” is the term for when an asset goes on a wild ride, hitting new all-time highs. So, we’re not talking about some small gains here—we’re talking about Bitcoin potentially breaking into a whole new dimension. 🌌
But before you start thinking it’s all smooth sailing, Rekt also drops a little reality check. He says that Bitcoin might need to take a trip down below $100,000 to gather some strength before it can make its next big move. Basically, a little pit stop to *recharge* before the fireworks begin. He’s suggesting a retest of the $97,000 level before the crypto king can fully erupt. So, yeah, a little dip in the short term might be in the cards. Nothing too drastic, but enough to make you think twice before hitting that “buy” button.
“That means that unless BTC is able to break $104,500 Range High resistance, then anything within that price range would be fair game [this] week.”
“And if the Lower High needs to be turned into support (like in the Post-Halving period; blue circle), dips into $97,000 would satisfy that retest.”
Currently, Bitcoin is sitting at $102,473. But don’t get too comfy—things could change faster than you can say “HODL!”
Now, let’s talk about Ethereum. The poor second fiddle in the crypto orchestra is having a moment of glory. After a 40% surge last week, Ethereum has entered a new trading range. Rekt says that ETH is now poised to take a swing at its 2024 highs, which are right around $4,000. So, yeah, Ethereum’s not exactly slouching behind Bitcoin—it’s got its sights set on the moon too. 🌑
“Ethereum [has printed a] Weekly Close in its $2,200-$3,900 Macro Range.”
“Weekly Closes above $2,200 have historically set off uptrends across the Range (blue circle).”
“Any dips, if needed at all, would solidify $2,200 as Range Low support.”
At the time of writing, Ethereum is trading at $2,469. Not bad for a cryptocurrency that’s often overshadowed by Bitcoin. Maybe it’s time to start taking Ethereum more seriously?
Read More
- Silver Rate Forecast
- SPEC PREDICTION. SPEC cryptocurrency
- USD PHP PREDICTION
- ETHFI PREDICTION. ETHFI cryptocurrency
- OM PREDICTION. OM cryptocurrency
- RUNE PREDICTION. RUNE cryptocurrency
- ILV PREDICTION. ILV cryptocurrency
- DOT PREDICTION. DOT cryptocurrency
- Solana’s Meltdown: $111M Longs Liquidate Like It’s Going Out of Style! 💸🔥
- ZK PREDICTION. ZK cryptocurrency
2025-05-13 12:55