Bitcoin is approaching the outbreak zone, while analysts expect new highs

Bitcoin could be shortly before entering new territory, according to a market analyst who is known for its exact predictions on the decline before the halving event last year.

The analyst Rekt Capital is of the opinion that the world's leading cryptocurrency approaches a critical level of resistance close to $ 105,000. In his opinion, a confirmed week of the week over this threshold could trigger the next big upward trend and lead BTC into a phase of the price discovery – a phase in which an asset exceeds its previous all -time highs.

While the dynamics are still strong, the resistance brand still has to be clearly broken. REKT Capital warns that Bitcoin may have to test support levels below the six -digit brand in order to create the basis for a sustainable rally.

It mentions the area around $ 97,000 as a potential retest zone, especially if BTC cannot overcome the $ 104,500 mark in the near future. A successful rebound from this level, which makes it confirmed, could reflect Bitcoin's behavior in earlier phases after halving and trigger a new upward movement.

The next weekly financial statements could be crucial because the bulls are trying to bring Bitcoin to the next growth cycle.