History Repeated in Bitcoin, Big Trend Broken! What’s next?

The world’s largest cryptocurrency Bitcoin (BTC) reached heights he hadn’t seen in a long time.

continuing to rise strongly BTC It surpassed $28,000 yesterday for the first time since June 2022, hitting 9-month highs.

While this rise of Bitcoin made investors happy, it was also a matter of curiosity whether the rise would continue.

Cryptocurrency one of the leading names in the industry Rekt Capitalmade an important post about Bitcoin.

Rekt Cpaital, who shared the historically bullish chart of BTC, drew attention to how Bitcoin broke the macro downtrend and repeated the history.

“Bitcoin has broken the Macro Downtrend.

History repeated itself.”

#BTC has broken the Macro Downtrend

History has repeated itself$BTC #Crypto #Bitcoin pic.twitter.com/EageQxQ72m

— Rekt Capital (@rektcapital) March 19, 2023

Looking at the analyst’s graph historically bitcoin After a certain period of time after breaking the downtrend, it started the uptrend. In this context, the analyst thinks that the uptrend can start in Bitcoin after April 1, 2024.

In another post, Rekt Capital said that for Bitcoin to continue its uptrend, there must be a monthly closing above the $25,000 level.

Thinking that there is a need for a monthly candle close above the macro downtrend in Bitcoin, the analyst stated that if there is a monthly close above $25,000, a new uptrend in BTC will be fully confirmed.

*Not investment advice.