One widely followed crypto analyst says that Bitcoin (BTC) is convincingly breaking out and on track to have a series of big rallies after printing a new all-time high Wednesday of about $94,800.
Pseudonymous crypto analyst Rekt Capital tells his 505,900 followers on the social media platform X that Bitcoin appears to have entered the most explosive phase of the market cycle based on historical precedence.
“The BTC dip is over. The first price discovery uptrend continues.”
Trending: Two US Navy Destroyers Come Under Attack While Escorting American Ships
Source: Rekt Capital/X
Crypto traders and analysts refer to price discovery as a situation where a coin trades at levels never seen before or not in seen in a long time.
After convincingly breaking out through the $91,070 level, Rekt Capital says that Bitcoin is now
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!