Based on The Daily Hodl, a crypto analyst known as Rekt Capital has indicated that Bitcoin is set for further rallies after confirming a trend continuation. The analyst, who accurately predicted Bitcoin's pre-halving correction last year, notes that Bitcoin has turned a previous resistance level into support on a three-month time frame. This development suggests Bitcoin could reach new heights, having surpassed the psychological resistance at $100,000. As of the latest update, Bitcoin is valued at $102,130. In the altcoin market, Rekt Capital observes that the OTHERS chart, which excludes the top 10 digital assets and stablecoins, has found a local bottom at $315.57 billion. This area, previously a point of rejection, is now acting as support, with the current valuation at $381.19 billion.
Bitcoin Trend Confirmed, Altcoins Find Bottom: Analyst Insights
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