Phenomenal cryptocurrency analyst Rekt Capital suggested that Bitcoin (BTC) received the confirmation needed for the bull cycle, while also quoting a possible correction level.
Rekt Capital has recently in the shipmentBitcoin A long 16-month bear cycle He said that he ended with the closing of March. In the analysis he shared, Rekt Capital pointed out that Bitcoin broke the macro falling trend. confirmed by monthly closing expressed. The analyst has been following the chart in question for a while and has previously emphasized that the close in March has a critical value for Bitcoin’s direction.
Bitcoin breaks similar macro falling trends 2015 And 2019 It has experienced an all-time high rise after years. But 2015 Emphasizing the correction that took place before the big rise in the year, Rekt Capital said that in such a case, Bitcoin would be the last time. 25 thousand dollars reminded that he can be withdrawn to the level:
Bitcoin has confirmed that it has moved beyond the macro downtrend to start a new macro uptrend. Bitcoin historically when the macro broke the downtrend, it was followed by a macro uptrend. But in 2015, if we look at the correction before the upward move, there may be a pullback.. If there is a decrease in April or May, 25 thousand dollars can be tested for the last time before the rise.
CoinGecko data in the last 24 hours %one depreciating bitcoinat the time of writing from $28,100 is being traded.
