Pseudonymous crypto strategist Rekt Capital recently shared with his Twitter followers that Bitcoin (BTC) is now looking on track for exponential mid-to-long-term gains. According to the analyst, the April 10th close of the leading crypto above $29,000 renders the double top bearish structure invalidated.

The analyst provided an in-depth analysis of the situation by sharing a chart showing the structure in question. It appears that BTC has been trading inside a diagonal structure for over a year, keeping it bearish. BTC finally managed to break above the lower trendline but remains below the black higher high trendline. However, Rekt Capital believes that if the crypto manages to go above the $30,000 price level, there will be a bullish breakout and short-term corrective moves are no longer a threat.

At the time of writing, Bitcoin is trading above the $30,000 mark and the analyst's predictions seem to be well on their way. The current bullish momentum is seemingly part of the 'post-halving' phase, in which BTC shot up to over 18% in value since the halving on May 11th.

Given the current momentum and outlook, Rekt Capital concludes that this could be an opportunity to make exponential post-halving gains that shouldn't be missed. Even though no one knows how the crypto market will play out, the bullish trend appears to be in good shape and there is still potential for gains in the mid-term.



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