Famous Analyst Talked About Bitcoin and This Altcoin Net! We Just Started

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A famous analyst, known for his Bitcoin and altcoin analysis in the cryptocurrency world, shares important details from the Rekt Capital X platform. According to the analyst, we are still at the very beginning of the bull process regarding Bitcoin and cryptocurrencies. That’s why he uses the phrase “We’ve just started.” Let’s look at the details.

We just started for Bitcoin and altcoin LINK

Analyst Rekt Capital states that they have just started the Bitcoin bull process. Accordingly, as can be seen in his post below, he states that we are still at the 25% level.

On the other hand, the analyst also includes a bearish fractal view for Bitcoin. Accordingly, it indicates that in case of a decrease, BTC will reach the levels of 23,500 and 20,500 dollars.

BTC is at low resistance

Analyst Rekt Capital notes that Bitcoin BTC has now reached lower high resistance. The analyst states that Bitcoin also formed a lower high at this point in the cycle in 2019. Therefore, according to the analyst, the next 140 days will be very important for Bitcoin. Because if a deeper retreat was to occur, these levels had to be reached before that. The next level is 22 thousand dollars, as can be seen from the chart.

According to the analyst, Bitcoin needs to move higher to completely invalidate this Bearish Fractal. It will also need to break the high on the lower plane. The analyst also points out that Bitcoin has moved beyond the Bullish Market Support Band cluster of moving averages.

Important assessment from the analyst for altcoin LINK

Besides Bitcoin BTC, analyst Rekt Capital also looks at the altcoin LINK. At this point, the analyst’s evaluation of LINK attracts attention. Accordingly, the analyst sharing the LINK chart points out that this is the highest monthly candle closing for Chainlink in the last 17 months.

The analyst also has good news for the altcoin LINK, in addition to his emphasis on Bitcoin. This good news is especially valuable for LINK investors. According to the analyst, Chainlink closed the weekly candle above the macro downtrend. Based on this, Anaslit shares good news and states that the macro downtrend has officially ended.

Revival in Bitcoin and altcoins

As we enter October, we see that the historical period of October, November and December indicates significant increases for Bitcoin.

Now everyone is wondering where the next process will go for BTC, which has made a strong start to October. If the process works well for Bitcoin, when we look at it as cryptokoin.com, the figures of 40 thousand dollars are now in place by the end of the year.

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