Crypto Analyst Offers Update on Bitcoin (BTC), Says Chainlink (LINK) Has Broken Through a Downtrend

A widely followed crypto analyst is updating his outlook on Bitcoin (BTC) while looking ahead for Chainlink (LINK).

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.