Bitcoin

Rekt

Fetch.ai

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 A widely followed crypto analyst says that one artificial intelligence (AI) altcoin project could soon reach a new all-time high (ATH).
 Pseudonymous crypto trader Rekt Capital tells his 377,500 followers on the social media platform X that machine learning platform Fetch.ai (FET) is making a run for new ATHs after retesting a key price level.
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 “FET performed a picture-perfect retest of the purple level as support this week. 
 Trying again to break beyond the red resistance. 
 Very close to challenging for new all-time highs. 
 Just needs to break this red resistance and flip it to support.”
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GBubo0FXoAAyYxD?format=png&amp;name=large" alt="GBubo0FXoAAyYxD" width="1063" height="499">
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 Source: Rekt Capital/X
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 Looking at the strategist’s chart, Rekt Capital shows that FET successfully retested the key level of $0.59 and would need to flip the price level around $0.73 into support to reach a new ATH.
 In September 2021, FET reached its all-time high of $1.17. FET is trading for $0.77 at time of writing, up 10.6% in the last 24 hours.
 Next up, the trader predicts that Bitcoin (BTC) will not rally beyond $46,000 until 2024, based on historical price patterns
 “Bitcoin has never broken its four-year cycle resistance (black) in a pre-halving year (candle three) But in the new candle four (2024) Bitcoin will comfortably break beyond $46,000.” 
 Bitcoin is trading for $43,939 at time of writing, up 3.5% in the last 24 hours.
 Lastly, the trader notes that the total crypto market capitalization, excluding the top 10 digital assets by market cap, remains retesting a key level to the downside.
 “Altcoin market cap retest is still in progress.”
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GBpeLZdW8AAODE1?format=jpg&amp;name=large" alt="GBpeLZdW8AAODE1" width="1063" height="499">
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 Source: Rekt Capital/X
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-trader-says-ai-altcoin-close-to-pushing-to-new-all-time-highs-after-picture-perfect-retest-tbt74467.html">https://thebittimes.com/crypto-trader-says-ai-altcoin-close-to-pushing-to-new-all-time-highs-after-picture-perfect-retest-tbt74467.html</a>

Crypto Trader Says AI Altcoin Close to Pushing to New All-Time Highs After Picture-Perfect Retest

TheBitTimes

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