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 trading strategies. tells His 483,300 fans on social media platform X predicted that the crypto king would shoot past $71,000 this Labor Day weekend.
“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 has been traded by traders since BTC held It will stay between the price ranges of $65,000 and 71,000 for the near future.
“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 mark. cusp There is another outbreak.
“BTC Bull Market Progress: 41.4% (progress bar based on standard halving cycles).”
Bitcoin has a value of $67,515 as I write this, an increase of 2.6% on the day.
The strategist concludes His analysis is that the smart contract platform Solana, (SOLThe ) has also passed a retest. It could now reach the $202 mark, a level that was previously regarded as stumbling block.
“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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