Rekt Capital Analyzes Bitcoin, Polkadot and Oasis Network After BTC Explosions Above $24,000
A widely followed cryptoanalyst says Bitcoin (BTC) continues onward and upward, looking back at an old resistance level.
Pseudonymous crypto trader Rekt Capital says their 326,400 Twitter followers who king crypto has held the 200-week moving average (MA) for three weeks.
“BTC Holds 200-Week MA as Support for Third Consecutive Week…
BTC has successfully tested the 200-week MA as support and has had some continuation to the upside.
In doing so, however, BTC has visited the same resistance price rejected from a few weeks prior
Red is the resistance to beat”
BTC is trading at $24,309 at the time of writing, up over 5% on the day.
Right next look at Interoperability Blockchain Protocol Polkadot (DOT), the analyst says DOT needs to hold $9.27 to enter a re-accumulation phase.
“If the DOT is able to weekly close within this greenish range…
Then it will be able to enter a bout of reaccumulation before further upside
Of course, the DOT will have to keep $9.27 in support to enable that re-accumulation.”
Currently, DOT is at $9.47, well above Rekt Capital’s target, and up 10% since yesterday.
The trader is also looking at Oasis Network (ROSE), a decentralized finance (DeFi) platform, saying ROSE needs to close the week near $0.12 to continue its boom.
“ROSE / USDT –
Increased over +40% now, almost reaching blue resistance
At this stage, ROSE needs a weekly close above ~$0.12 (blue) to confirm further upside.”
ROSE is trading at $0.099 at the time of writing, down 5% in the last 24 hours.
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