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Bitcoin’s Potential Decline and Chainlink’s Upcoming Volatility: Insights from Crypto Analyst Rekt Capital

Prominent crypto analyst Rekt Capital suggests that Bitcoin (BTC) might be approaching a significant decline.

Rekt Capital shared with his substantial following of 355,900 on platform X that BTC appears set to challenge its bull market support.

“Bitcoin aims to test the bull market support band. Success would mean revisiting the resistance marked in blue. However, historical trends suggest BTC might not sustain above the exponential moving averages (EMAs) for an extended period.”

According to this expert’s analysis, BTC might witness its peak around fall 2025.

“Drawing parallels from history… The apex of the next bull market might emerge 518-546 days post the halving, pointing to a window between mid-September and mid-October 2025.”

Rekt Capital also emphasizes that the upcoming decline might offer one of the last opportunities for long-term BTC traders to secure a position at lower rates.

“A consideration worth noting… The upcoming 140 days could potentially be the final chance to procure BTC around or possibly below the $20,000 mark.”

At the moment, BTC stands at $27,383, experiencing a 2.7% drop over the past day.

Switching focus to blockchain oracle Chainlink (LINK), Rekt Capital predicts some volatility before an upward trend.

“Chainlink’s major downtrend has concluded, yet its macro range persists. If LINK struggles to surpass its range high resistance soon, A phase of consolidation is anticipated, possibly leading to a retest of the recently terminated macro downtrend.”

Currently, LINK is valued at $7.45, down by 3.5% in the previous day.

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Tommy Crush

Tommy is a dynamic and promising voice in the world of cryptocurrency writing, with a year of dedicated experience that has already left a significant mark. Born with an innate curiosity and a passion for emerging technologies, Tommy quickly found their niche in the thrilling realm of digital currencies and blockchain technology. His journey into the world of cryptocurrencies began as a personal exploration, but it wasn't long before they realized their talent for translating complex concepts into accessible, engaging prose. In just a short span of one year, Tommy has become a trusted source for readers seeking clear and insightful explanations of the ever-evolving crypto landscape. They have a remarkable ability to break down intricate blockchain mechanisms, decentralized finance (DeFi) protocols, and the latest trends in the market, making this complex subject matter approachable to both newcomers and experienced enthusiasts. Tommy remains committed to providing readers with accurate, insightful, and well-researched content that demystifies the world of cryptocurrencies. With an insatiable hunger for knowledge and a genuine passion for the subject matter, He is poised to be a driving force in shaping the future of crypto journalism. In their spare time, Tommy enjoys watching football, read news and believes in the power of blockchain technology to revolutionize industries far beyond finance. With a bright future ahead, Tommy invites you to join them on their crypto journey as they continue to explore, learn, and share their insights with the world.
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DISCLAIMER

The information provided herein is for general informational purposes only and does not constitute financial advice, investment advice, or any other form of professional advice.