A closely followed crypto analyst says that Bitcoin (BTC) is close to confirming a breakout after repeatedly pushing against tough resistance.
Pseudonymous trader Rekt Capital tells his 504,000 followers on the social media platform X that BTC is one daily close away from validating a breakout from a seven-month range.
“Bitcoin is once again pressing beyond the very top of the resistance area (red).
Bitcoin just needs one Daily Close beyond the red resistance to position itself for a confirmed breakout from here.
Daily Close is essential to confirm lack of upside wicks beyond resistance.”
