đ Key Insights from Analyst Rekt Capital:
- Accumulation Phase Ending: The time to buy discounted BTC has passed. đ
- Reclaiming Range: Bitcoin is on the verge of confirming its weekly re-accumulation range. đ
- Historical Patterns: BTC historically gains strength after reclaiming this range. đïžââïž
đ„ Current Market Outlook:
- BTC Uptrend Resumes: Trading at $64,245, BTC is poised for sustained growth after bottoming out at $48,000. đ
- Potential Resistance: $71,500 could be a key level to watch. đ§
- Critical August Close: A monthly close above $64,500 could mark the end of Bitcoinâs high timeframe downtrend. đ
Stay tuned â the next move could be crucial for BTCâs future!
#CryptoMarketMoves #BTCâ $BTC