Bull Market

Bitcoin

Chainlink

Rekt

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 A widely followed crypto analyst is updating his outlook on Bitcoin (BTC) while looking ahead for Chainlink (LINK). 
 Pseudonymous crypto trader Rekt Capital&nbsp;tells&nbsp;his 354,500 followers on the social media platform X that he’s looking for BTC to form a lower high in the coming weeks. 
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 “BTC&nbsp; 
 At this same point in the cycle in 2019, BTC formed a Lower High 
 If BTC forms a Lower High in the coming weeks, that would be further confirmation for a potential Higher Low revisit later in this cycle.” 
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 <img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F7Ho3IPWoAAI_gn?format=jpg&amp;name=large" alt="" width="1063" height="499"> 
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 Source: Rekt Capital/X 
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 According to the analyst, BTC is&nbsp;currently sitting on the bull market support band. 
 “BTC is right back at the Bull Market Support Band cluster of moving averages, challenging to breakout beyond them.” 
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"> 
 <img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F7Hv70qXwAAMGE4?format=jpg&amp;name=large" alt="" width="1063" height="499"> 
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 Source: Rekt Capital/X 
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 The analyst also&nbsp;shares&nbsp;a chart that he calls an “update” on the bearish Bitcoin fractal that is potentially forming. 
 “BTC&nbsp; 
 Bearish Bitcoin Fractal update.” 
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"> 
 <img decoding="async" loading="lazy" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F7HwMuhXEAAJPHl?format=jpg&amp;name=large" alt="" width="1063" height="499"> 
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 Source: Rekt Capital/X 
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 </figure> 
 BTC is worth $26,409 at time of writing, down 2.3% in the last seven days. 
 Looking at blockchain oracle Chainlink, Rekt Capital&nbsp;says LINK has recently broken through a downtrend, implying there could be room to move upward. 
 “LINK&nbsp; 
 Chainlink has broken the Macro Downtrend.” 
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"> 
 <img decoding="async" loading="lazy" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F7HHWrgXEAAAKFy?format=jpg&amp;name=large" alt="" width="1063" height="499"> 
 <figcaption id="caption-attachment-190710" class="wp-caption-text">
 Source: Rekt Capital/X 
 </figcaption> 
 </figure> 
 LINK is trading for $7.70 at time of writing, up 11.6% in the last seven days. 
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-analyst-offers-update-on-bitcoin-btc-says-chainlink-link-has-broken-through-a-downtrend-tbt64436.html">https://thebittimes.com/crypto-analyst-offers-update-on-bitcoin-btc-says-chainlink-link-has-broken-through-a-downtrend-tbt64436.html</a>

Crypto Analyst Offers Update on Bitcoin (BTC), Says Chainlink (LINK) Has Broken Through a Downtrend

TheBitTimes

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