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Home»ALTCOIN NEWS»According to a trader who modified the BTC in 2024, Bitcoin needs to check for optimistic evacuation:
ALTCOIN NEWS

According to a trader who modified the BTC in 2024, Bitcoin needs to check for optimistic evacuation:

By Crypto FlexsApril 1, 20252 Mins Read
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According to a trader who modified the BTC in 2024, Bitcoin needs to check for optimistic evacuation:
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Last year, I think that the crypto analyst, which is known to call Bitcoin’s pre -hoping correction, should be found in major technical indicators by supporting BTC to restore strong momentum.

REKT CAPITAL, a pseudony, says that 542,600 followers in social media platform X reflect price behavior in 2021 when BTC integrates two major bitcoins on the weekly chart.

According to REKT, Bitcoin should convert the 21 -week EMA to support, causing the resumption of optimistic price behavior.

“Earlier this week, Bitcoin refused in 21 weeks EMA resistance (green).

As a result, Bitcoin continues to integrate between these two bull market EMAs, as in mid -2012.

Nevertheless, in the future, the main confirmation signal for the brake out will be closer than the Green EMA.

Source: Rekt Capital/X

At the time of writing, Bitcoin is trading for $ 82,536.

If you look at the Altcoin Market, the Trader expects that ALTS will continue to performance Bitcoin based on the BTC Dominance (BTC.D) chart, which tracks the amount of total encryption of the flagship digital assets.

According to REKT, BTC.D can reach important resistance levels that have been maintained since 2017 before losing steam. If that happens, REKT predicts that the real Altcoin season will be realized.

“BTC domination.

If history is repeated, if Bitcoin’s dominance is rejected at 71% (red), the actual altseason that everyone is waiting for will begin. ”

video
Source: Rekt Capital/X

According to the Bearish BTC.D chart, Altcoins suggests that the value is increasing faster than Bitcoin. At the time of writing, BTC.D is floating at 62.26%.

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Exemptions: The opinions expressed in Daily HODL are not investment advice. Investors must do live action before making high -risk investments in bitcoin, cryptocurrency or digital assets. Transfer and transactions are at their danger, and the loss that can occur is your responsibility. Daily HODL is not recommended to purchase or sell cryptocurrency or digital assets, and Daily HODL is not an investment advisor. Daily HODL participates in affiliate marketing.

Created image: Midjourney

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