As Crypto Markets Pull Back, This Analyst Is Upbeat On Bitcoin, Dogecoin, And Ethereum

Zinger Key Points
  • Top crypto trader says Dogecoin could rally to nearly $0.28. 
  • He says Ethereum may retest the $3,000 area after failing to move above a key resistance level.

One of the top crypto traders and the pseudonymous strategist Rekt Capital recently shared his outlook about Bitcoin BTC/USD, Dogecoin DOGE/USD, and Ethereum ETH/USD as the crypto market attempts to bounce back. 

On his Twitter feed, he said that Bitcoin must recover a crucial price area before the weekend is over to sustain its bullish momentum.

According to Rekt Capital, Bitcoin has broken out of a large reversal pattern on the weekly timeframe and is now retesting its previous resistance turned into support.

Also Read: This Bitcoin Whale Is Buying $1M Worth Every Day: Here's How He Does It

At the time of writing, Bitcoin is trading at $42,765.34, up by 0.96% in the last 24 hours. 

Talking about Dogecoin, he said that it could rally to nearly $0.28. 

At the time of writing Dogecoin is trading at $0.1549, up by 8.14% in the last 24 hours and up by 6.38% in the last seven days. 

Moving on to Ethereum he mentioned that it may retest the $3,000 area after failing to bust through a key resistance level.

“ETH has rejected from the blue $3,440 Monthly resistance. Therefore, a revisit of ~$3,000 (black) is now a possibility. It’s worth repeating that when black gets retested on a dip – wicks occur. So, if ETH dips to black, it could wick into the green higher low,” he said. 

Also Read: This Popular Crypto Trader Calls Ethereum Rivals 'Vaporware' And Says They'll Drop To Zero

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