Crypto analyst, known by the pseudonym Rekt Capital, bitcoin He shared an important price level that (BTC) price must break in order to continue its rise.
The analyst thinks that BTC should close the week above $23,744 to continue the uptrend.
While Bitcoin was trading around $24,500, the analyst’s forecast was around $23,400 at the end. On the other hand, it is important to pay attention as the analyst draws attention to the weekly close. Rekt thinks that BTC should rise a little higher to confirm the bullish trend at the 200-week moving average (MA).
“Bitcoin made a perfect rejection at the 200-week MA. BTC needs to retrace this MA as support for the trend to continue strongly.”
Analyst DeFi payment infrastructure platform COTIHe also analyzed the service token of . At the time of this writing, COTI is worth $0.105, suggesting that if the token closes the week at current levels or higher, it could resume its uptrend.
“COTI is up +27% and a bullish break above the red diagonal resistance is now positioned for a Weekly Close. Weekly Close above the Red and COTI/USDT will need to successfully retest as support to secure further bullishness.”
Rekt is a popular Ethereum (ETH) based token and decentralized data storage network. Arweave(AR) examined. The trader thinks that AR should close the week above $13.11 for bullish confirmation.
Finally, Rekt discussed the Ethereum-based privacy network DUSK Network (DUSK). The analyst says that DUSK’s latest drop is a retest of support.
“DUSK/USDT. It is now diving towards the red level to retest towards new support. A successful retest and DUSK will enjoy a new rally. One of the altcoins mentioned on my Altcoin Watchlist.”