Crypto Analyst Rek Capital, Bitcoin $99,231.3(BTC) said that he had diverted investors by experiencing false decreases and then continuing the upward trend. Rect Capital reported this situation to 532,600 followers in the social media platform X.
Bitcoin’s market behavior
According to the analyst, Bitcoin allows investors to sell their coins after unsuccessful breaks during this period. This strategy makes it easier for the market to move upwards again.
Strategy Analysis of Rekt Capital
Rekt Capital said that the price falling below the targeted level was made to mislead investors and this leads to a fake break. After this process, Bitcoin moves upwards.
“This is still valid. The fall deviations under the December are realized to convince investors to be fake breakage, and then the rise trend continues again. ” – Rekt Capital
The analyst added that the decreases that occurred were “re -collection” zones and that the prices move up again when enough time were given. He also stated that new records can be reached if the weekly closures are above significant levels.
Rect Capital pointed out that the completion of weekly closing above critical resistance levels triggered strong up movements. Currently, Bitcoin is traded at $ 99.019 with a decrease of over 5 %per day.
These fluctuations in the Bitcoin market make it important to develop strategic approaches for investors. Analysts’ predictions show that the market has the potential to grow in the long run, even though the market suffers in the short term.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and perform their operations in line with their own research.
