A widely followed crypto analyst says is updating his bull market outlook, starting with Bitcoin (BTC<\/a>).<\/p>\n Pseudonymous crypto trader Rekt Capital\u00a0tells<\/a> their 382,300 followers on the social media platform X that with the bear market behind BTC, a full bull market lies ahead.<\/p>\n \u201cThere\u2019s an entire BTC Bear Market behind us<\/em><\/p>\n And an entire BTC Bull Market ahead of us.\u201d<\/em><\/p>\n Looking at the top crypto by market cap Bitcoin, down 1.6% in the last 24 hours, the analyst says<\/a>\u00a0the pullback should give way to an upside soon.<\/p>\n \u201cBitcoin Daily Candle Closed above the top of the pattern and indeed pulled back for a very volatile retest<\/em><\/p>\n BTC is still maintaining itself above the top of the structure<\/em><\/p>\n For as long as this continues, there will be scope for renewed upside from here.\u201d<\/em><\/p>\n BTC is worth $43,600 at time of writing, up 1% in the last week.<\/p>\n Looking at the decentralized exchange Uniswap (UNI<\/a>) in his Altcoin Newsletter, the trader says<\/a> UNI\u2019s long-term uptrend has been confirmed.<\/p>\n \u201cUNI retested the top of the blue channel even though it Monthly Closed above the black level.<\/em><\/p>\n But the macro picture is promising because UNI has completely confirmed its breakout from the blue market structure.<\/em><\/p>\n In other words, UNI has fully confirmed its new macro uptrend.<\/em><\/p>\n It has done this via a Monthly Close above the blue Channel Top and a successful retest of the Channel Top as new support.<\/em><\/p>\n If December was the breakout month for UNI, January will be the retesting month for UNI as a result.<\/em><\/p>\n That\u2019s the major technical event for UNI but let\u2019s focus on another one as well.<\/em><\/p>\n UNI is also holding the black $6.53 level which acted as a point of rejection in mid-2023 and early 2023 as well.<\/em><\/p>\n Holding here as support would notably change the market psychology at this level.<\/em><\/p>\n Long-term, the macro uptrend has been confirmed.\u201d<\/em><\/p>\n UNI is trading for $6.32 at time of writing, down 5% in the last day.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>![\"\"](\"https:\/\/newsletter.rektcapital.co\/content\/images\/2024\/01\/UNIUSDT_2024-01-03_14-09-21.png\")
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