In a recent market update, Rekt Capital pointed to $104,400 as a critical threshold. Bitcoin spent nearly seven weeks holding above that level, and a successful reclaim could signal renewed strength.
From there, a push toward $109,000 becomes possible—turning current resistance into a launchpad.
If Bitcoin flips $109,000 into support and confirms a breakout, Rekt Capital expects multiple weeks of upside, potentially taking the top cryptocurrency to new all-time highs. However, he also warns that some short-term price slippage may occur before that scenario plays out.
For now, traders are watching closely to see whether Bitcoin can solidify its footing before another potential leg up.
The post Bitcoin’s Next Big Move? Trader Says Watch These Levels Closely appeared first on BitcoinLinux.
