It looks like Bitcoin (BTC) is on the brink of breaking its macro downtrend as the top crypto by market cap trades near $25,000. According to Rekt Capital, a widely followed crypto trader and analyst with over 338k followers on Twitter, BTC must break through $24755 range in order to flip the script.
Rekt highlights this particular price point as an important resistance level that will determine if BTC can break out of its current trend or not. The analyst further explains that once this barrier is broken it could signal a new uptrend for Bitcoin and create bullish momentum for other altcoins in the market too.
At such a critical moment investors should keep their eyes peeled for any changes in direction from these key levels so they can take advantage of any potential opportunities presented by them moving forward. It’s also worth noting that while some traders are optimistic about BTC’s prospects there are still risks associated with investing in cryptocurrency markets which need to be taken into consideration before making any decisions related thereto .
