Bitcoin is stuck in a holding pattern, but one popular crypto strategist believes that may soon change.
According to analyst Rekt Capital, BTC is currently navigating a pivotal transition zone that could soon pave the way for fresh gains—if key support levels are secured.
In a recent market update, Rekt Capital pointed to $104,400 as a critical threshold. Bitcoin spent nearly seven weeks holding above that level, and a successful reclaim could signal renewed strength.
From there, a push toward $109,000 becomes possible—turning current resistance into a launchpad.
If Bitcoin flips $109,000 into support and confirms a breakout, Rekt Capital expects multiple weeks of upside, potentially taking the top cryptocurrency to new all-time highs. However, he also warns that some short-term price slippage may occur before that scenario plays out.
For now, traders are watching closely to see whether Bitcoin can solidify its footing before another potential leg up.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/bitcoins-next-big-move-trader-says-watch-these-levels-closely/