Bitcoin (BTC) is consolidating above $67,000 after facing rejection at the $70,000 mark, while the market anticipates a potential breakout.
Indeed, crypto trading expert Rekt Capital believes that Bitcoin has room for a breakout, but the cryptocurrency needs to clear specific barriers.
Particularly, in a post on X (formerly Twitter) on June 1, the expert stated that Bitcoin’s path to recovery hinges on ceasing its current pattern of forming lower highs.
Rekt Capital’s analysis highlighted a consistent rejection of Bitcoin at decreasing price points, a trend that has characterized the cryptocurrency’s performance over recent months.
He noted that the price levels of $71,600 and around $70,000 have acted as resistance in Bitcoin’s recent trading history. These zones have repeatedly capped Bitcoin’s attempts to rally, confirming them as significant barriers that must be overcome for a bullish reversal to materialize.
“Bitcoin continues to reject at lower and low
We współpracy z: https://finbold.com/trading-expert-sets-one-condition-for-bitcoin-to-pick-back-up-again/
