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Crypto analyst Rekt Capital reveals that Bitcoin (BTC) 
$103,005 misleads traders through false declines before continuing its upward trend. In a recent update to his 532,600 followers on the social media platform X, he elaborated on this phenomenon.
Bitcoin’s Market Behavior
According to the analyst, during these periods, Bitcoin prompts investors to sell their coins after failed breakouts. This strategy facilitates a resurgence in the market’s upward momentum.
Rekt Capital’s Strategy Analysis
Rekt Capital indicated that the price dropping below targeted levels is designed to mislead investors, leading to false breakouts. Following this process, Bitcoin resumes its upward trajectory.
“This situation remains valid. Drops below the December lows occur to convince investors of a false breakout, and then the upward trend resumes.” – Rekt Capital
The analyst emphasized that the dips act as “re-accumulation” zones, stating that prices move back upward when given adequate time. He also noted that if weekly closures stay above significant levels, new record highs could be reached.
Rekt Capital reminded that in the past, completing weekly closures above critical resistance levels has triggered strong upward movements. Currently, Bitcoin is trading at $99,019 with a daily drop of over 5%.
These fluctuations in the Bitcoin market underscore the importance of developing strategic approaches for traders. While analysts predict short-term volatility, they also indicate long-term growth potential for the market.
