The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Crypto Analyst Says Bitcoin (BTC) Is ‘Worth Watching’, Dives Deep Into Chainlink (LINK)

by Daily Hodl Staff
September 29, 2023
in Altcoins, Bitcoin

A widely followed crypto analyst is keeping an eye on Bitcoin (BTC) while breaking down Chainlink’s (LINK) latest movements.

Pseudonymous crypto trade Rekt Capital tells his 354,700 followers on the social media platform X that BTC’s current price point is acting as a “point of reflection” for the largest crypto asset by market cap.

“BTC 

Acting as a point of rejection for the moment

Worth watching.”

Source: Rekt Capital/X

BTC is worth $26,899 at time of writing, down 0.5% in the last 24 hours.

In the latest edition of the trader’s Altcoin Newsletter, Rekt Capital shares what he calls a “short story,” told mostly in charts, about Chainlink’s recent price movements, resulting in a +44% since mid-August.

“Here is a short story on Chainlink:”

Source: Rekt Capital

“LINK then followed the red path…”

Source: Rekt Capital

“Then rebounded strongly from the Range Low, before embarking on a path to revisit the Range High resistance…”

Source: Rekt Capital

According to the trader, though LINK still hasn’t broken out of its macro downtrend, its price is currently positioned well to close the week above the trendline.

The trader says such a close would likely be retested, which could result in upward movement for LINK.

“A successful retest of the Downtrend would probably set price up for another revisit of the Macro Range High.

But it would only be upon Weekly Close and a successful retest of the Range High resistance as support that LINK would be able to confirm a breakout from its Macro Range.”

Source: Rekt Capital

LINK is worth $7.83 at time of writing, up 15.6% in the last week.

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/NextMarsMedia

Submit a Press Release

Industry Announcements

  • MultiBank Group Confirms MBG Token TGE Set for July 22, 2025
    July 11, 2025
  • PEPESCAPE Launches Crypto Presale, Combining Memecoin Culture With Decentralized Finance Ecosystem
    July 10, 2025
  • Aptos Labs Expands Leadership With New Chief Business Officer
    July 10, 2025
  • Falcon Finance Unlocks Real-World Asset Utility With First Live USDf Mint Using Tokenized Treasuries
    July 10, 2025
  • MBG Token Pre-Sale Set for July 15 – Only Seven Million Tokens Available at $0.35
    July 10, 2025
  • YZi Labs Invests in Aspecta To Pioneer Universal Price Discovery Infra for Trillion Illiquid Assets
    July 10, 2025
  • NovaEx Launches With a Security-First Crypto Trading Platform Offering Deep Liquidity and Institutional-Grade Infrastructure
    July 9, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$117,809.56
$117,809.56
0.03%
Ethereum
$2,955.91
$2,955.91
0.37%
BNB
$687.14
$687.14
1.26%
Solana
$161.28
$161.28
1.37%
XRP
$2.77
$2.77
1.31%

Spotlight

  • Billionaire Ray Dalio Warns ‘Painful Disruptions’ Incoming as US National Debt Set To Shatter $425,000 per Household
    July 5, 2025
  • Ancient Bitcoin Whales Abruptly Come Alive, Move $2,183,000,000+ in BTC After Lying Dormant for 14+ Years: On-Chain Data
    July 5, 2025
  • Bitcoin ‘Very, Very Likely’ To Hit $250,000 or Higher, Says Crypto Trader Michaël van de Poppe – Here’s His Timeline
    July 5, 2025
  • US Lawmakers Probe $870,000,000 in Customer Losses on Zelle, Targeting JPMorgan Chase, Bank of America and Wells Fargo’s Reimbursement Practices
    July 5, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl