Crypto Analyst Offers Update on Bitcoin (BTC), Says Chainlink (LINK) Has Broken Through a Downtrend
Pseudonymous crypto trader Rekt Capital tells his 354,500 followers on the social media platform X that he’s looking for BTC to form a lower high in the coming weeks.
According to the analyst, BTC is currently sitting on the bull market support band.
The analyst also shares a chart that he calls an “update” on the bearish Bitcoin fractal that is potentially forming.
BTC is worth $26,409 at time of writing, down 2.3% in the last seven days.
Looking at blockchain oracle Chainlink, Rekt Capital says LINK has recently broken through a downtrend, implying there could be room to move upward.
LINK is trading for $7.70 at time of writing, up 11.6% in the last seven days.