One of the top crypto traders and the pseudonymous strategist Rekt Capital recently shared his outlook about $Bitcoin(BTC.CC)$, $Dogecoin(DOGE.CC)$, and $Ethereum(ETH.CC)$ as the crypto market attempts to bounce back.
On his Twitter feed, he said that Bitcoin must recover a crucial price area before the weekend is over to sustain its bullish momentum.
According to Rekt Capital, Bitcoin has broken out of a large reversal pattern on the weekly timeframe and is now retesting its previous resistance turned into support.
At the time of writing, Bitcoin is trading at $42,765.34, up by 0.96% in the last 24 hours.
Talking about Dogecoin, he said that it could rally to nearly $0.28.
At the time of writing Dogecoin is trading at $0.1549, up by 8.14% in the last 24 hours and up by 6.38% in the last seven days.
Moving on to Ethereum he mentioned that it may retest the $3,000 area after failing to bust through a key resistance level.
ETH has rejected from the blue $3,440 Monthly resistance. Therefore, a revisit of ~$3,000 (black) is now a possibility. It's worth repeating that when black gets retested on a dip – wicks occur. So, if ETH dips to black, it could wick into the green higher low."
- he said.
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