The widely respected analyst and trader says the top five altcoins by market capitalization could see further upside if they overcome key resistance zones and turn them into support zones.
Anonymous analyst known as Rekt Capital says The 379,700 followers of the
According to Rekt Capital’s chart, BNB appears to be well positioned above the hypotenuse of the pattern, outside of the descending triangle on the weekly chart. The descending triangle pattern is generally bearish, but a successful break above the hypotenuse indicates the beginning of a bullish trend.
BNB is trading at $320 at the time of this writing, up almost 20% from last week.
next consolation This is Bitcoin (BTC). According to an anonymous analyst, there are “just over 100 days” left until Bitcoin undergoes its fourth halving, scheduled for April 2024.
“A deeper retracement in the pre-halving period would be the ultimate bargain buying opportunity (for Bitcoin).”
According to a chart from Rekt Capital, Bitcoin appears to have crossed the upper trend line of an ascending triangle, a generally bullish pattern. According to the same chart, Bitcoin underwent a significant correction just before the third halving in 2020, resulting in a rebound that broke the then-all-time high that same year.
At the time of this writing, Bitcoin is trading at $42,849.
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