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Crypto strategist Rekt Capital accurately predicted Bitcoin’s correction period ahead of its halving, suggesting that a significant movement in the altcoin market could occur with Bitcoin’s rise. He noted that Ethereum’s increase might initiate a rally among altcoins.
Ethereum’s Rise Inspires Hope for Altcoins
In a statement on social media platform X, Rekt Capital expressed that Ethereum (ETH) 
$2,541 could start a new upward trend by surpassing critical levels. He indicated that if ETH exceeds the $3,700 mark, this move could positively impact the entire altcoin market. Rekt Capital emphasized the importance of Ethereum’s current price movements for altcoin investors.
Ethereum recently closed above $3,700 and is currently trading at $3,731. Observers highlight that these levels could signal new peaks for ETH. As ETH gains value, a flow of capital is anticipated to initially move towards Ethereum, followed by mid and small-cap altcoins.
Bitcoin Approaches Critical Levels, Capital May Shift to Altcoins
For Bitcoin (BTC) 
$102,239, Rekt Capital forecasts that a daily close above $97,450 could trigger a new bull run. He mentioned that Bitcoin is currently attempting to break beyond the peak of the bull flag. A daily close above the $97,450 resistance could sustain the trend and potentially invigorate the altcoin market.
As of writing, Bitcoin is trading at $97,891, raising expectations for six-figure price points in the crypto market. Rekt Capital stated that Bitcoin’s rise could facilitate a shift of capital towards altcoins. Maintaining Ethereum above $3,100 could be crucial for initiating this capital rotation.
According to the crypto strategist, closing above specific levels for leading cryptocurrencies is essential for a market-wide rally. Investors must closely monitor price movements during this period, as the performance of Ethereum and Bitcoin will determine the fate of the altcoin market.
