A widely followed crypto analyst says that Bitcoin (BTC<\/a>) could have further upside after rebounding off a major support zone.<\/p>\n In a new strategy session, crypto trader Rekt Capital tells<\/a> his 483,300 followers on the social media platform X that the crypto king could shoot up past $71,000 over the Labor Day weekend.<\/p>\n \u201cBitcoin successfully dipped into $65,000 and rebounded. Now let\u2019s see if Bitcoin now rallies to $71,500. Bitcoin has an entire long weekend to do it.\u201d<\/em><\/p>\n According to the trader, since BTC held<\/a> $65,000 as its support zone, it will continue to stay in a price range of between $65,000 and $71,000 in the short term.<\/p>\n \u201cThe retest was successful. Bitcoin has confirmed $65,000 as support. Price will now continue to occupy the $65,000-$71,500 region (red).\u201d<\/em><\/p>\n Rekt Capital goes on to note<\/a> that the top crypto asset by market cap is less than halfway done with its current bull cycle and historically on the cusp<\/a> of another breakout.<\/p>\n \u201cBTC Bull Market Progress: 41.4% (progress bar based on standard halving cycles).\u201d<\/em><\/p>\n Bitcoin is trading for $67,515 at time of writing, a 2.6% increase on the day.<\/p>\n The strategist concludes<\/a> his analysis by saying that smart contract platform Solana (SOL<\/a>) also had a successful retest, meaning that it could reach $202 once again, an area that served as resistance earlier this year.<\/p>\n \u201cSOL: Looks like the Solana retest was successful. Continue to hold this red area as new support and SOL will be able to at least revisit the $202 resistance over time.\u201d<\/em><\/p>\n Solana is trading for $181.36 at time of writing, a 6.7% increase during the last 24 hours.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Featured Image: Shutterstock\/Gorodenkoff\/deepme<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" A widely followed crypto analyst says that Bitcoin (BTC) could have further upside after rebounding off a major support zone. In a new strategy session, crypto trader Rekt Capital tells his 483,300 followers on the social media platform X that the crypto king could shoot up past $71,000 over the Labor Day weekend. \u201cBitcoin successfully […]<\/p>\n","protected":false},"author":2,"featured_media":353076,"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-353070","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\/353070","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=353070"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/353070\/revisions"}],"predecessor-version":[{"id":353081,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/353070\/revisions\/353081"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/353076"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=353070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=353070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=353070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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