‘Textbook’ Breakout Underway for Bitcoin As Critical Support Level Holds: Crypto Analyst
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 as support.
Looks like textbook post-breakout confirmation.”
The analyst says Bitcoin needs to close the current week above two crucial levels to cement the breakout.
“A bullish weekly close would be above ~$66,300 (black channel top).
A very bullish weekly close would be above ~$67,900 (green box top).”
At time…
