Rekt Capital is widely said that Bitcoin (BTC) is on the edge of penetration based on classic technical analysis.
The pseudonym tells 543,000 followers on the social media platform X that BTC is in the midst of confirmation of collapse after finally closing it over the landing line.
The trader says,
Bitcoin on the threshold of outbreaks.
Just hours of initial but decisive steps towards confirmation of collapse exceeds the multi -declining trend.
And when BTC breaks the artistic, artistic trend …
BTC is in the new artistic trend. “
Rekt Capital, which leads to the weekly graph, says that BTC needs to move above the average Si -movement (EMA) to increase its chances in a constant gathering.
“Bitcoin is slowly approaching the resistance of EMA for 21 weeks (green).
The price will need a weekly closure of more than 86,900 dollars on Sunday/Monday in midnight UTC for UTC to reach the same situation for the hack of the triple style formed by these two bull markets. “
At the time of writing this report, Bitcoin is traded at $ 84,463.
Looking at ETHEREUM (ETH), the second largest digital asset on the market, says Rekt Capital says that ETH needs to keep the current price to get any shot to launch a 2023 march.
“After losing its total black black black scope ($ 2,196 -3,900 dollars), ETHEREUM fell directly to the historical demand area below (light blue).
Since then, the bullish trend was evil in the upper part of the light blue box, and the top of the box turns into a new resistance, as in 2023 (red circle).
Moreover, ETH recently the negative side below this box, is likely to carry the bottom of the square as support.
ETH needs to maintain the bottom of the light blue historical demand area if it wants to put itself to repeat the mid -2013 date (the green circle). “
At the time of this report, ETH is traded at $ 1,595.
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