One widely followed crypto analyst says Bitcoin\u2019s latest rally is turning an old BTC<\/a> resistance into new support.<\/p>\n Pseudonymous crypto trader Rekt Capital\u00a0tells<\/a>\u00a0his 468,200\u00a0followers on the social media platform X that\u00a0BTC\u2019s 2% leap in the last 24 hours could be the end of a downtrend.<\/p>\n \u201cBTC is breaking its Daily\u00a0Downtrend\u201d<\/em><\/p>\n According to the analyst, the $60,000 price zone was\u00a0acting as\u00a0a barrier to BTC. However, Rekt Capital now believes that the barrier has\u00a0now\u00a0been flipped<\/a>\u00a0to a foundation.<\/p>\n \u201cBitcoin has successfully turned the old major resistance into a new major support.\u201d<\/em><\/p>\n According to the crypto analyst, BTC\u2019s\u00a0downtrend<\/a>\u00a0has been one month\u00a0in the making.<\/p>\n \u201cBitcoin has broken its Daily Downtrend\u00a0which\u00a0started one month ago in mid-April<\/em><\/p>\n When downtrends get broken, uptrends\u00a0occur<\/em><\/p>\n Bitcoin has finally recorded its first Higher Higher since bottoming at $56,000.\u201d<\/em><\/p>\n The analyst also\u00a0says<\/a>\u00a0that BTC is on track to reach a bull market high in the fall or winter of next year.<\/p>\n \u201cIn the 2015-2017 cycle, Bitcoin peaked 518 days after the Halving<\/em><\/p>\n In the 2019-2021 cycle, Bitcoin peaked 546 days after the Halving<\/em><\/p>\n If history repeats and the next Bull Market peak occurs 518-546 days after the Halving\u2026<\/em><\/p>\n That would mean Bitcoin could peak in this cycle in mid-September or mid-October 2025<\/em><\/p>\n Currently, Bitcoin is accelerating in this cycle by approximately 200 days\u00a0now<\/em><\/p>\n So the longer Bitcoin consolidates after the Halving, the better it will be for resynchronizing this current cycle with the traditional Halving cycle.\u201d<\/em><\/p>\n BTC is worth $65,842 at time of writing, up 7% in the last seven days.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Featured Image: Shutterstock\/Design Projects<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" One widely followed crypto analyst says Bitcoin\u2019s latest rally is turning an old BTC resistance into new support. Pseudonymous crypto trader Rekt Capital\u00a0tells\u00a0his 468,200\u00a0followers on the social media platform X that\u00a0BTC\u2019s 2% leap in the last 24 hours could be the end of a downtrend. \u201cBTC is breaking its Daily\u00a0Downtrend\u201d Source: Rekt Capital\/X According to […]<\/p>\n","protected":false},"author":2,"featured_media":303619,"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-303618","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\/303618","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=303618"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/303618\/revisions"}],"predecessor-version":[{"id":303624,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/303618\/revisions\/303624"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/303619"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=303618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=303618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=303618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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