According to analysts, the cryptocurrency market is showing signs of a new bull run. However, not all cryptocurrencies are expected to perform similarly. An analyst with a large following says that a dog-themed meme coin that has made six-figure gains in the last ten months is on the verge of another breakout. At the same time, it paints a promising picture for Bitcoin and altcoins.

Rekt Capital emphasizes that WIF is about to start a macro bull trend. Bitcoin$BTC

Although exceeding $66,000 had a positive impact on the market, the subsequent sell-off was effective. Meme coins have been showing remarkable performance recently. Rekt Capital says that Dogecoin rival dogwifhat (WIF) could rise again. WIF has gained 151,512% from its December 2023 high of $0.00155 and was trading at $2.31 at the time of writing, but has lost 2% on the daily chart.

Rekt Capital also invested in meme coin Pepe (PEPE)$PEPE

It also draws attention and states that it is also coming out of recession. PEPE is trading at $0.00001096 at the time of writing and has gained 3.67% in the last 24 hours; and has increased by over 34% on a weekly basis. The analyst states that Bitcoin is finally ready to break out of the channel top and says, “Bitcoin is approaching around $67,000. It has been rejected at this level in the past months; so the weekly close is important.” Bitcoin is trading at $65,538, losing 0.34% in the last 24 hours and has increased by 3.9% on the weekly chart.