Top Analyst Says, BTC Breakout Coming As BTC Battles $25,000
As the top cryptocurrency by market cap trades near $25,000, a trader that many people follow is sure that Bitcoin (BTC) will soon break its macro downtrend.
Crypto analyst Rekt Capital tells their 338,100 followers on Twitter to keep an eye on BTC because it will soon break the trend.
“BTC will break the Macro Downtrend sooner rather than later.”
The analyst goes on to explain what will happen next for the king cryptocurrency if the downtrend is broken. The trader’s chart shows that when BTC’s trend breaks soon, it will start a new “macro money flow cycle.”
When Rekt talks about the macro downtrend resistance, he talks about a certain price point. The analyst seems to think that BTC needs to break through the range of $24,755 to change the story.
“BTC is just below the Macro Downtrend resistance.”
