{"id":164779,"date":"2023-09-29T02:29:10","date_gmt":"2023-09-28T20:59:10","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=164779"},"modified":"2023-09-29T02:29:10","modified_gmt":"2023-09-28T20:59:10","slug":"crypto-analyst-offers-update-on-bitcoin-btc-says-chainlink-link-has-broken-through-a-downtrend-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/crypto-analyst-offers-update-on-bitcoin-btc-says-chainlink-link-has-broken-through-a-downtrend-crypto-news\/","title":{"rendered":"Crypto Analyst Offers Update on Bitcoin (BTC), Says Chainlink (LINK) Has Broken Through a Downtrend – Crypto News"},"content":{"rendered":"

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A widely followed crypto analyst is updating his outlook on Bitcoin (BTC<\/a>) while looking ahead for Chainlink (LINK<\/a>).<\/p>\n

Pseudonymous crypto trader Rekt Capital\u00a0tells<\/a>\u00a0his 354,500 followers on the social media platform X that he\u2019s looking for BTC to form a lower high in the coming weeks.<\/p>\n

\u201cBTC\u00a0<\/em><\/p>\n

At this same point in the cycle in 2019, BTC formed a Lower High<\/em><\/p>\n

If BTC forms a Lower High in the coming weeks, that would be further confirmation for a potential Higher Low revisit later in this cycle.\u201d<\/em><\/p>\n

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

According to the analyst, BTC is\u00a0currently<\/a> sitting on the bull market support band.<\/p>\n

\u201cBTC is right back at the Bull Market Support Band cluster of moving averages, challenging to breakout beyond them.\u201d<\/em><\/p>\n

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

The analyst also\u00a0shares<\/a>\u00a0a chart that he calls an \u201cupdate\u201d on the bearish Bitcoin fractal that is potentially forming.<\/p>\n

\u201cBTC\u00a0<\/em><\/p>\n

Bearish Bitcoin Fractal update.\u201d<\/em><\/p>\n

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

BTC is worth $26,409 at time of writing, down 2.3% in the last seven days.<\/p>\n

Looking at blockchain oracle Chainlink, Rekt Capital\u00a0says<\/a> LINK has recently broken through a downtrend, implying there could be room to move upward.<\/p>\n

\u201cLINK\u00a0<\/em><\/p>\n

Chainlink has broken the Macro Downtrend.\u201d<\/em><\/p>\n

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

LINK is trading for $7.70 at time of writing, up 11.6% in the last seven days.<\/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\/Andy Chipus\/prodigital art\/Salamahin<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

A widely followed crypto analyst is updating his outlook on Bitcoin (BTC) while looking ahead for Chainlink (LINK). Pseudonymous crypto trader Rekt Capital\u00a0tells\u00a0his 354,500 followers on the social media platform X that he\u2019s looking for BTC to form a lower high in the coming weeks. \u201cBTC\u00a0 At this same point in the cycle in 2019, […]<\/p>\n","protected":false},"author":2,"featured_media":10668,"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-164779","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\/164779","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=164779"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/164779\/revisions"}],"predecessor-version":[{"id":164781,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/164779\/revisions\/164781"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/10668"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=164779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=164779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=164779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}