{"id":151754,"date":"2023-09-08T01:31:28","date_gmt":"2023-09-07T20:01:28","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=151754"},"modified":"2023-09-08T01:31:28","modified_gmt":"2023-09-07T20:01:28","slug":"crypto-analyst-breaks-down-bitcoin-btc-updates-outlook-on-one-ai-altcoin-thats-up-24-in-the-last-month-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/crypto-analyst-breaks-down-bitcoin-btc-updates-outlook-on-one-ai-altcoin-thats-up-24-in-the-last-month-crypto-news\/","title":{"rendered":"Crypto Analyst Breaks Down Bitcoin (BTC), Updates Outlook on One AI Altcoin That\u2019s Up 24% in the Last Month – Crypto News"},"content":{"rendered":"

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A widely followed crypto analyst is breaking down king crypto Bitcoin (BTC<\/a>), which is down 5% in the last seven days.<\/p>\n

Pseudonymous crypto trader Rekt Capital\u00a0tells<\/a>\u00a0his 351,100 followers on the social media platform X that the price zone of $26,000 is acting as a resistance for BTC.<\/p>\n

\u201cBTC is showing initial signs of ~$26,000 acting as new resistance.\u201d<\/em><\/p>\n

Source: Rekt Capital\/X<\/figcaption><\/figure>\n

The analyst also\u00a0asks<\/a> his followers an important question \u2014 Is BTC on a bearish trajectory?<\/p>\n

\u201cWill the bearish BTC fractal play out?\u201d<\/em><\/p>\n

\"\"
Source: Rekt Capital\/X<\/figcaption><\/figure>\n

BTC is worth $25,767 at time of writing, up 0.7% in the last 24 hours.<\/p>\n

In the trader\u2019s Altcoin Watchlist\u00a0newsletter<\/a>, Rekt Capital also breaks down Fetch.AI (FET<\/a>), an artificial intelligence (AI) altcoin that is up over 150% in the last year.<\/p>\n

Fetch.ai is a decentralized machine-learning network that aims to bring together technologies such as machine learning, AI and blockchains to create and facilitate a decentralized digital economy. The FET token is used as a means of payment for network transactions.<\/p>\n

According to Rekt Capital, despite FET rallying over 20% in the last month, its next price level up has been acting as resistance for the last two and a half months.<\/p>\n

\u201cIt would be bullish of course for FET to reclaim the blue level as support because reclaiming the blue level would enable FET to rally even beyond the black resistance at $0.36.<\/em><\/p>\n

For the moment, however, it is acting as resistance.<\/em><\/p>\n

In fact, FET has been upside-wicking into this resistance for the past 2.5 months now, failing to reclaim this blue level as support each time.<\/em><\/p>\n

Therefore technically \u2014 FET is as a result locked into a range (green box support to blue horizontal resistance) until further notice.\u201d<\/em><\/p>\n

\"\"
Source: Rekt Capital<\/figcaption><\/figure>\n

FET is trading for $0.244 at time of writing, down 2.7% in the last 24 hours.<\/p>\n

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

Featured Image: Shutterstock\/luboffke\/Natalia Siiatovskaia<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

A widely followed crypto analyst is breaking down king crypto Bitcoin (BTC), which is down 5% in the last seven days. Pseudonymous crypto trader Rekt Capital\u00a0tells\u00a0his 351,100 followers on the social media platform X that the price zone of $26,000 is acting as a resistance for BTC. \u201cBTC is showing initial signs of ~$26,000 acting […]<\/p>\n","protected":false},"author":2,"featured_media":151755,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-151754","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/151754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=151754"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/151754\/revisions"}],"predecessor-version":[{"id":151757,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/151754\/revisions\/151757"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/151755"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=151754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=151754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=151754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}