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Bull Analyst Reveals the Level Bitcoin Needs to Hold for a Surge in Early July
Crypto analyst Rekt Capital shared what is needed for a bullish scenario in Bitcoin price in his statement.
Rekt Capital, one of the renowned cryptocurrency analysts, shared the scenario necessary for the rise in Bitcoin (BTC) price in his statement.
According to the analyst, if Bitcoin continues to show stability at current prices as it has been in the past few days, a bullish scenario may occur. According to Rekt Capital, if the BTC price manages to hold at these levels, a jump that can break the downtrend may occur in the first week of July.
The analyst believes that for this bull scenario to occur, BTC price needs to hold at the level of $60,600.
Rekt Capital finally said that BTC price will eventually retrace to a level that convinces people that the bull market is over and then continue its uptrend.
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