In his statements, the master trader shared the 3 altcoins he followed and his predictions about them.
The trader also shared his BTC predictions
A widely followed crypto analyst and trader is highlighting a key price level that Bitcoin (BTC) must break to maintain its upward trajectory. Crypto trader Rekt Capital told his 335,600 Twitter followers that BTC needs to close the week above $23,744 to continue its uptrend.
cryptocoin.com According to data, Bitcoin is trading at $ 23,400. Rekt says that BTC needs to rise a little higher to confirm the uptrend at the 200-week moving average (MA). In his statements, he said:
“BTC performed a perfect rejection at the 200-week MA.
BTC needs to retrace this MA as support to enjoy strong trend continuation.”
3 altcoins followed by the trader
COTI (COTI)
The analyst and trader looks at the utility token of the decentralized finance (DeFi) payment infrastructure platform COTI (COTI). With COTI worth $0.105 at the time of writing, the analyst suggests that the token could resume its uptrend if it closes the week at current levels or higher. The analyst said in a statement:
“COTI is up +27% and is now positioned for Weekly Close rising above red diagonal resistance.
Weekly Close is above the red and COTIUSDT will need to successfully retest this as support to secure further bullishness.”
Arweave (AR)
Rekt later switched to another popular Ethereum (ETH)-based token, decentralized data storage network Arweave (AR). The AR is worth $13.58 at the time of this writing. The trader says AR must close the week above $13.11 for bullish confirmation. The analyst said in a statement:
“AR is another Altcoin on my Altcoin Watchlist
AR has rallied +13% since exiting the green Bull Flag
AR has a chance to come out of its red Wedge
A Weekly Close above the red diagonal resistance would be a good sign.”
DUSK Network (DUSK)
Finally, Rekt is addressing the ETH-based privacy network DUSK Network (DUSK), which is worth $0.246 at the time of writing. The analyst says that DUSK’s latest drop is a retest of support. In his latest statement, the analyst and trader said:
“Now falling towards the red level in an attempt to retest for new support.
DUSK will enjoy a new rally.”
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