Bitcoin's Potential Historic Rise Amid Market Uncertainties and Technical Analysis

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Source: The Daily Hodl
Bitcoin's Potential Historic Rise Amid Market Uncertainties and Technical Analysis
Photo: The Daily Hodl
TL;DR Summary

Crypto analyst Rekt Capital predicts that Bitcoin (BTC) is about to make history with a key breakout to the upside, as it enters April above a key macro downward resistance that has kept Bitcoin bearish since it hit its all-time high in November 2022. Rekt also notes that BTC broke out exactly 396 days before the Bitcoin halving, which is slated for April of next year, and that a quarterly bullish engulfing candle just closed for BTC, which historically precedes multiple quarters of upside. At the time of writing, Bitcoin is trading for $28,409.

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