BTC NEWS 26/9
Analyst Rekt Capital told his 89,500 YouTube subscribers that Bitcoin is on track to move higher.
“This is really the point where Bitcoin really starts to break out and move into the parabolic phase of the cycle… we have a few more days of transition between the reaccumulation phase and the parabolic phase to really move into a strong breakout phase.”
However, the analyst said that Bitcoin could fall a few percent before a breakout occurs.
“We still need technical confirmation and the price needs to retest the bottom of the reaccumulation range at $60,600 to retest the bottom of the reaccumulation range as new support. That’s exactly what it would take for the price to retest the top of the reaccumulation range at $73,800 to form a potential breakout.”
