CandleFocus ‘Textbook’ Breakout Underway for Bitcoin As Critical Support Level Holds: Crypto Analyst
2024-10-27
Author: Content Editor
The crypto strategist, Rekt Capital, believes that Bitcoin is undergoing a technically sound breakout process. He states that Bitcoin is flipping a key resistance level into support and that a bullish weekly close above certain levels would confirm the breakout. Rekt Capital also highlights that Bitcoin's halving cycle is still on schedule despite its long consolidation period. He compares the current cycle to previous ones and suggests that Bitcoin could peak in mid-September or mid-October 2025 if history repeats itself.
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