Bitcoin Nears Breakout Zone as Analyst Eyes Push Toward New Highs

By: cryptodnes bg|2025/05/14 07:30:08

Bitcoin could be on the verge of entering uncharted territory, according to a market analyst known for accurately predicting the pre-halving pullback last year. The analyst, known as Rekt Capital, that the world’s leading cryptocurrency is closing in on a critical resistance level near $105,000. A confirmed weekly close above that threshold, he argues, could set off the next major uptrend and lead BTC into price discovery—a phase when an asset moves beyond its previous all-time highs. While momentum remains strong, the resistance zone has yet to break cleanly. Rekt Capital cautions that Bitcoin may need to revisit support levels below the six-figure mark to build the foundation for a sustained rally. He points to the $97,000 area as a potential retest zone, particularly if BTC fails to clear $104,500 in the near term. A successful bounce from that level, turning it into confirmed support, could mirror Bitcoin’s behavior during previous post-halving phases and trigger a renewed upward trajectory. The next few weekly closes may prove decisive as bulls attempt to push Bitcoin into its next cycle of growth.

-- Price

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