Cryptocurrency analyst Rekt Capital has shared an optimistic outlook for Bitcoin (BTC) and AAVE, predicting potential upward movements in the coming weeks as both assets approach critical levels.
In a recent analysis, Rekt Capital noted that Bitcoin has reclaimed a key three-month high of $58,800, which itself is a significant milestone. “Bitcoin has reclaimed the three-month high of $58,800 and is now trading above it,” the analyst wrote. He argued that if Bitcoin holds this level until the end of September, it will confirm that the retest was successful and set the stage for further gains.
Rekt Capital also suggested that Bitcoin is close to regaining its reaccumulation range and aligning with post-halving price trends. “History suggests that Bitcoin should break out in the next few weeks,” he added.
In addition to Bitcoin, Rekt Capital has also weighed in on AAVE, a popular decentralized finance (DeFi) token. He argued that AAVE is on the verge of repeating historical price patterns if it can post a weekly close above $146. “AAVE needs to post a weekly close above $146 (black) if it wants to repeat history,” the analyst said, adding that the token completed a previous retest that could see it move higher.
*This is not investment advice.