Crypto Strategist Says Trend Continuation Is Now ‘Confirmed’ for Bitcoin, Sees Altcoins Finding a Bottom

A crypto analyst who nailed Bitcoin’s pre-halving correction last year believes BTC is poised for more rallies after flashing bullish signals on multiple time frames.

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Pseudonymous analyst Rekt Capital tells his 527,600 followers on the social media platform X that Bitcoin will likely continue its uptrend after flipping a previous resistance level into support on the three-month time frame.

The trader shares a chart showing how Bitcoin cemented the $60,000 level as support in Q4 of 2024, putting BTC in a position to soar to even greater heights.

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“Post-breakout quarterly retest and trend continuation confirmed.”

Zooming in, the trader says Bitcoin has shattered the psychological resistance area at $100,000, indicating that it’s now all blue skies for BTC.

“Needs a daily close above $101,165 (black).”

Bitcoin ended the previous trading day above Rekt Capital’s resistance zone. At time of writing, BTC is worth $102,130.

Looking at the altcoin market, the analyst says he’s keeping a close watch on the OTHERS chart, which tracks the total market cap of all crypto excluding the 10 largest digital assets and stablecoins. According to Rekt Capital, OTHERS printed a local bottom at around $315.57 billion after retesting the previous resistance area as support.

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“The Altcoin Market Cap finds a bottom in the green circled area.

This area has acted as a historical point of rejection (red circles) but now is acting as support.” 

At time of writing, OTHERS is valued at $381.19 billion.

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