{"id":232048,"date":"2024-01-19T03:54:50","date_gmt":"2024-01-18T22:24:50","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=232048"},"modified":"2024-01-19T03:54:50","modified_gmt":"2024-01-18T22:24:50","slug":"crypto-trader-updates-outlook-on-bitcoin-btc-bull-market-progress-calls-move-up-for-solana-sol-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/crypto-trader-updates-outlook-on-bitcoin-btc-bull-market-progress-calls-move-up-for-solana-sol-crypto-news\/","title":{"rendered":"Crypto Trader Updates Outlook on Bitcoin (BTC) Bull Market Progress, Calls Move Up for Solana (SOL) – Crypto News"},"content":{"rendered":"

<\/p>\n

\n

A widely followed crypto analyst is updating his strategy on Bitcoin (BTC<\/a>) as the crypto king\u2019s next halving approaches.<\/p>\n

Pseudonymous crypto trader Rekt Capital\u00a0tells<\/a> his 388,300 followers on the social media platform X that BTC is likely to wrestle with resistance for the next few months.<\/p>\n

\u201cThe Macro Diagonal continues to act as resistance<\/em><\/p>\n

History suggests this will continue for a few more months<\/em><\/p>\n

After the Halving however, BTC should be ready to break this Macro Diagonal & turn it into new support to springboard into new All Time Highs\u201d<\/em><\/p>\n

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

The Bitcoin halving is a programmed event that occurs every four years, reducing mining rewards by half. Historically, BTC rallies tend to follow halvings.<\/p>\n

However, until BTC reaches that point, Rekt Capital sees the\u00a0possibility<\/a> of Bitcoin slipping before the next halving, which will likely be in April.<\/p>\n

\u201cWill Bitcoin offer another Pre-Halving retrace?<\/em><\/p>\n

If it occurs, it definitely won\u2019t be as deep as March 2020\u2033<\/em><\/p>\n

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

Overall, as far as Bitcoin\u2019s bull market is concerned, the analyst\u00a0thinks<\/a>\u00a0BTC is almost 1\/3 of the way through.<\/p>\n

\u201cBTC Bull Market Progress: 30.9%\u201d<\/em><\/p>\n

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

BTC is worth $41,844 at time of writing, down 10% in the last week.<\/p>\n

Turning to layer-1 smart contract platform Solana (SOL<\/a>), the trader\u00a0says<\/a>\u00a0SOL is facing a testing point in its range low.<\/p>\n

\u201cSolana is rejecting from the old black Range Low<\/em><\/p>\n

Following the path well thus far\u00a0<\/em><\/p>\n

Invalidated should SOL reclaim the black level and\/or Weekly Close above it.\u201d<\/em><\/p>\n

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

SOL is worth $95.34 at time of writing, down 5% in the last week.<\/p>\n

Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
\n
\nCheck Price Action<\/a><\/span><\/em>
\n
\nFollow us on Twitter<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>
\n
\nSurf The Daily Hodl Mix<\/a><\/span><\/em>
\n<\/p>\n

\n

Check Latest News Headlines<\/span><\/a><\/p>\n

&nbsp<\/p>\n

<\/p>\n

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\/Black Salmon\/Tun_Thanakorn\/PurpleRender<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

A widely followed crypto analyst is updating his strategy on Bitcoin (BTC) as the crypto king\u2019s next halving approaches. Pseudonymous crypto trader Rekt Capital\u00a0tells his 388,300 followers on the social media platform X that BTC is likely to wrestle with resistance for the next few months. \u201cThe Macro Diagonal continues to act as resistance History […]<\/p>\n","protected":false},"author":2,"featured_media":182510,"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-232048","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\/232048","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=232048"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/232048\/revisions"}],"predecessor-version":[{"id":232050,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/232048\/revisions\/232050"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/182510"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=232048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=232048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=232048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}