• Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt
No Result
View All Result
Card Bitcoin
Shop
Card Bitcoin
No Result
View All Result
Home Altcoin

Crypto Analyst Says Downtrend for Top Ethereum Rival Is Over, Maps Path Forward for Bitcoin and One AI Altcoin

n70products by n70products
September 21, 2024
in Altcoin
0
Crypto Analyst Says Downtrend for Top Ethereum Rival Is Over, Maps Path Forward for Bitcoin and One AI Altcoin
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


A extensively adopted cryptocurrency analyst and dealer believes one Ethereum (ETH) competitor is forming a bullish reversal sample.

The analyst pseudonymously often called Rekt Capital tells his 499,100 followers on the social media platform X that Avalanche (AVAX) could have reached a market backside after a retest of a key degree round $21.57 on the month-to-month chart.

“Avalanche has efficiently retested the macro downtrend as help. What this implies is that the downtrend is confirmed to be over and the brand new macro uptrend is being arrange. AVAX has rallied +29% since that profitable retest.”

Image
Supply: Rekt Capital/X

AVAX is buying and selling for $27.22 at time of writing, up 3.1% within the final 24 hours.

Subsequent up, the analyst says Bitcoin (BTC) could also be breaking out of a descending development line on the weekly chart and will quickly soar greater than 5% its present worth.

“Affirm a breakout past the collection of decrease highs relationship to late July and Bitcoin may ascend to the very prime of the downtrending channel (black) at round $67,000.”

Image
Supply: Rekt Capital/X

He additionally says that Bitcoin Dominance (BTC.D) – which tracks the proportion of the entire market cap that belongs to Bitcoin – could also be repeating an identical sample from 2019. He suggests BTC.D could soar after a short dip.

“Bitcoin Dominance is at present dipping which is solely consistent with historic tendencies round these ranges. Actually, it’s precisely the identical state of affairs as 5 years in the past in mid-April 2019. Bitcoin Dominance month-to-month closed above 57.68% (inexperienced) and is now dipping for a retest of this degree into new help to verify a breakout throughout the macro vary.”

Image
Supply: Rekt Capital/X

Bitcoin is buying and selling for $63,331 at time of writing.

Lastly, the analyst is popping bullish on Synthetic Superintelligence Alliance (FET). He suggests FET may quickly bounce about 10% from its present worth to $1.77.

“FET has damaged its multi-month downtrend, carried out a good retest try and appears poised to revisit the crimson vary excessive resistance over time.”

Image
Supply: Rekt Capital/X

FET is buying and selling for $1.61 at time of writing, up 5.7% within the final 24 hours.

Do not Miss a Beat – Subscribe to get electronic mail alerts delivered on to your inbox

Test Price Action

Comply with us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Get Alerts

Disclaimer: Opinions expressed at The Day by day Hodl are usually not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual danger, and any losses you might incur are your accountability. The Day by day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Day by day Hodl an funding advisor. Please be aware that The Day by day Hodl participates in internet affiliate marketing.

Featured Picture: Shutterstock/Dario Lo Presti/klyaksun





Source link

Tags: AltcoinAnalystBitcoinCryptoDowntrendEthereumMapsPathRivalTop
Previous Post

Glassnode Founders Say Bitcoin Crash To $37,000 Wouldn’t Be A Bad Thing, Here’s Why

Next Post

Over 150,000 ETH Moved To Exchanges In The Last 24 Hours: What’s Next For Ethereum?

Next Post
Over 150,000 ETH Moved To Exchanges In The Last 24 Hours: What’s Next For Ethereum?

Over 150,000 ETH Moved To Exchanges In The Last 24 Hours: What's Next For Ethereum?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Product categories

  • Bitcoin Book
  • Bitcoin Coin
  • Bitcoin Hat
  • Bitcoin Merch
  • Bitcoin Miner
  • Bitcoin Miner Machine
  • Bitcoin Shirt
  • Bitcoin Standard
  • Bitcoin Wallet
  • Products
  • Uncategorized

Related News

Kamala Harris should not cave to overtures from the crypto crowd

August 15, 2024
North Korea Deploying ‘Highly Tailored, Difficult-To-Detect’ Tactics To Steal Crypto From Businesses: FBI

North Korea Deploying ‘Highly Tailored, Difficult-To-Detect’ Tactics To Steal Crypto From Businesses: FBI

September 5, 2024
Braiscompany 0,000,000 Crypto Ponzi Scheme Lands Mastermind a 128-Year Jail Sentence: Report

Braiscompany $190,000,000 Crypto Ponzi Scheme Lands Mastermind a 128-Year Jail Sentence: Report

April 19, 2025

Recents

Spot Ether ETFs Hit 3M in Inflows, Extend 16-Day Streak

Spot Ether ETFs Hit $453M in Inflows, Extend 16-Day Streak

July 26, 2025
Bitcoin Tests Range Lows After Sweeping Local Liquidity

Bitcoin Tests Range Lows After Sweeping Local Liquidity

July 26, 2025
JPMorgan Blocked Gemini After My Criticism

JPMorgan Blocked Gemini After My Criticism

July 26, 2025

CATEGORIES

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

BROWSE BY TAG

Altcoin ALTCOINS Analyst Binance Bitcoin Bitcoins Blog Breakout BTC Bullish Bulls Coinbase Crash Crypto DOGE Dogecoin ETF ETH Ethereum Foundation Heres high Key Level Major Market Memecoin Move Outlook Predicts Price Rally Report Ripple SEC Solana Support Surge Target Top Trader Trump Updates Whales XRP

© 2024 Card Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt

© 2024 Card Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
💳 The Smartest Bitcoin Card Is Almost Here! Spend crypto anywhere, earn up to 8% cashback, and unlock exclusive early-bird bonuses. 🚀 Coming soon — don’t miss your chance to save big!
Coming Soon
This is default text for notification bar
Learn more
Go to mobile version