Welcome to the Rekt Capital newsletter, a place for people who want to better navigate the crypto markets with the help of cutting-edge crypto research and unbiased market analysis.
Bitcoin - Following the Path…
In last week’s newsletter, I proposed the following price trajectory for Bitcoin’s price action:
In the days since, Bitcoin has followed through on this black pathway.
Here’s an updated chart:
Bitcoin indeed performed an upside wick beyond the Ascending Triangle top resistance, just like in previous orange circles.
Bitcoin then rejected from that Ascending Triangle resistance and returned to the Higher Low of the structure, rebounding from it thus far this week.
In this week’s newsletter, I’ll be sharing my thoughts and analysis on what I feel is to come next for Bitcoin and the levels that are worth watching for in terms of trend confirmation.