Analyst Who Predicted Bitcoin’s 2024 Pre-Halving Crash Says New BTC Breakout Is Coming – Here’s Why
A crypto analyst who nailed Bitcoin’s pre-halving correction last year believes that BTC is poised to ignite fresh rallies. Pseudonymous analyst Rekt Capital tells his 553,600 followers on the social media platform X that Bitcoin needed a weekly candle close above $119,200 to trigger a breakout from a bullish continuation pattern. With BTC closing the previous week at around $119,400, the analyst says Bitcoin is now in the process of flipping the resistance level into support and that breakout rallies are in sight. “Bitcoin did it. Bitcoin Weekly Closed above the ~$119,200 Bull Flag Top and is now in the process of retesting it to fully confirm the breakout. Downside wicking is possible on this retest, as long as the Bull Flag Top is maintained as support.” Source: Rekt Capital/X At time of writing, Bitcoin is trading for $118,183. Another crypto asset that had a strong weekly close is the memecoin Pudgy Penguins (PENGU), according to the t...