Cryptocurrency Analyst Review: Reviews about Bitcoin and Solana - COINTURK NEWS
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Cryptocurrency Analyst Review: Reviews about Bitcoin and Solana

11:58 pm (40 days ago)
October 27, 2023

Crypto market’s renowned analyst, Bitcoin (BTC) and Solana (SOL), the leading smart contract platform, have been thoroughly analyzed by the analyst.

BTC Analysis by the Analyst

Rekt Capital, a well-known crypto analyst, discussed Bitcoin and highlighted that the price movement of BTC is not yet fully established in the range. The expert stated the following on social media:

Another way to think about BTC charts… What if the high resistance of the range has not been found yet? A strong rejection of the price could lead to a deeper retracement in the period before the upcoming 175-day halving.

Rekt Capital also emphasized its plan for BTC’s progress:

Accumulate on a deeper retracement. Then accumulate again. Then you can continue holding.

As of the time of writing, BTC is trading at $33,924, showing a 14.5% increase in the past seven days.

Significant Level for Solana

In the latest issue of the altcoin newsletter, Rekt Capital mentioned that Solana, a strong competitor of Ethereum (ETH), is planning to complete its highest monthly candle close since April 2021. The analyst stated the following:

Recently, SOL was rejected below the $23.89 resistance after surpassing it. However, it is now seen that SOL has exited the range between approximately $20 and $23.89 and is directly moving towards the next region.

The expert concluded by suggesting that the range between $32 and $45 could be a support level for the popular altcoin:

This area has historically acted as a significant support zone. Now the question is: Will it act as a major resistance zone? It doesn’t necessarily have to be the case for strong supports to turn into strong resistances, especially if SOL can achieve significant candle closes within this range.

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