Coin-Turk 10 minutes ago
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Crypto analyst Rekt Capital reveals that Bitcoin (BTC ($98,804.10)) 
$99,414 misleads traders through false declines before continuing its upward trend. In a recent update to his 532,600 followers on the social media platform X, he elaborated on this phenomenon.
Bitcoin’s Market Behavior
According to the analyst, during these periods, Bitcoin prompts investors to sell their coins after failed breakouts. This strategy facilitates a resurgence in the market’s upward momentum.
Rekt Capital’s Strategy Analysis
Rekt Capital indicated that the price dropping below targeted levels is designed to mislead investors, leading to false breakouts. Following this process, Bitcoin resumes its upward trajectory.
“This situation remains valid. Drops below the December lows occur to convince investors of a false breakout, and then the upward trend resumes.” – Rekt Capital
The analyst emphasized that the dips act as “re-accumulation” zones, stating that prices move back upward when given adequate time. He also noted that if weekly closures stay…
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