Determination of traders through Bitcoin with fake breakdowns before resuming the reward stage: Rekt Capital
One of the two cryptocurrencies that is closely followed by the Bitcoin (BTC) tends to shake traders through false breakdowns before it resumes its upward rise.
In a new strategic session, Rekt Capital It tells His 532,600 followers on the social media platform X said that the heep king’s swing to the negative side often tests the conviction of currency holders.
According to the analyst, the Bitcoin coin uses the failed faults in this course to attract traders to abandon their coins before starting the next stage.
“This remains true. The landmarks occur under the lowest levels of scope to deceive investors towards an imaginary collapse (orange circles) before resuming the upper direction.”
Rekt Capital continues in He says The declines are all areas of “re -accumulation” in the end to the upward trend with the passage of sufficient time.
The merchant also Notes That if you find the highest coil assets in terms of market value a weekly closure above the main level, it may rise to the highest new level ever.
“BTC needs a weekly closure above 104,416 dollars (in red) to create itself to hack to new standard levels. Weekly closure over the last main weekly resistance at this moment of the session historically preceded the strong upward trend.
Last week, Rekt Capital expected that Bitcoin will explode after its correction. The merchant also warned of a significant decrease in the main digital origin stock after the end of his next large height.
Bitcoin is trading for $ 99,019, a decrease of more than 5 % during the day.
Don’t miss any opportunity – Subscribe to email alerts that are delivered directly to your inbox
Verify the price of the price
Follow us on X,, Facebook and cable
Browse the daily Hodl Mix
 
Responsibility: The opinions mentioned in The Daily Hodl are not an investment advice. Investors should do due care before doing any high -risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transformations and trading are at your own responsibility, and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and The Daily Hodl is not an investment consultant. Please note that The Daily Hodl is involved in commission marketing.
Genealized image: mid -trip
