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Rekt Capital
@rektcapital
Crypto Investor/Analyst Writes RC Newsletter: Follow for level-headed insights on Bitcoin and Altcoins
Joined October 2017
172 Following    563.2K Followers
#BTC# "This means price may need to turn it into support on any future dip to fully confirm a breakout from the $60k-$80k Range" The dip is here but the retest of the ~$80k Range High (orange) must occur for Bitcoin to fully confirm the breakout from the $60k-$80k Range After all, the previous Bitcoin Weekly Close occurred below $82k And so price has not yet produced a Weekly Close above ~$82k Hence the importance of continued price solidification above the ~80k Range High to fully confirm the $60k-$80k Range breakout $BTC #Bitcoin#
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#BTC# Bitcoin is now trying to breakout from the ~$60k-$80k Range Technically, Bitcoin Weekly Closed inside the Range High resistance area (red) This means price may need to turn it into support on any future dip to fully confirm a breakout from the $60k-$80k Range So in the short-term, Bitcoin will need to ascertain whether it is ready to fully breakout from the $60k-$80k Range And just up ahead is the blue-blue Range If Bitcoin is ready to confirm a breakout from the $60k-$80k Range, its next milestone would be to try to enter the blue-blue Range $BTC #Bitcoin#
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