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

Bitcoin (BTC) on Cusp of a Breakout After Defeating Downtrend, According to Crypto Analyst

by Alex Richardson
April 14, 2025
in Bitcoin, Ethereum, Trading

Widely followed crypto analyst Rekt Capital says that Bitcoin (BTC) is right on the edge of a breakout based on classic technical analysis.

The pseudonymous analyst tells his 543,000 followers on the social media platform X that BTC is in the midst of confirming a breakout after finally closing above a downward resistance line.

Says the trader,

“Bitcoin is on the cusp of a breakout.

Mere hours away from performing the initial but crucial steps towards fully confirming a breakout beyond the multi-month Downtrend.

And when BTC breaks a technical downtrend…

BTC enters a new technical uptrend.”

Image
Source: Rekt Capital/X

Zooming out to the weekly chart, Rekt Capital says that BTC needs to move above a critical exponential moving average (EMA) to boost its chances of a sustained rally.

“Bitcoin is slowly approaching the 21-week EMA resistance (green).

Price will need a Weekly Close above ~$86,900 Sunday/Monday midnight UTC to position itself for a breakout from the triangular pattern formed by these two Bull Market EMAs.”

Image
Source: Rekt Capital/X

At time of writing, Bitcoin is trading at $84,463.

Looking at Ethereum (ETH), the second biggest digital asset by market cap, Rekt Capital says ETH needs to hold its current price range to have any shot at triggering a 2023-style rally.

“After losing its black-black Macro Range ($2,196-$3,900), Ethereum dropped right into the historical demand area below (light blue).

Since then, Ethereum upside wicked into the top of the light blue box, turning the top of the box into new resistance, like in 2023 (red circle).

More, ETH recently downside wicked below this box, potentially holding the bottom of the box as support.

ETH needs to hold the bottom of the light blue historical demand area if it wants to position itself for a repeat of mid-2023 history (green circle).”

 

Image
Source: Rekt Capital/X

At time of writing, ETH is trading at $1,595.

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.

Generated Image: Midjourney

Submit a Press Release

Industry Announcements

  • Beer 2.0: The Meme Coin That’s Brewing Something Bigger on Solana
    May 20, 2025
  • Wall Street Ponke Launches with AI Tools, Learning Hub, and Over $300K Raised in Hours
    May 20, 2025
  • Reppo Launches World’s First Liquid Node Sale, Pioneering Decentralized Data Infrastructure
    May 20, 2025
  • BingX AI Evolution Begins: A $300M Vision to Build the Future of AI-Powered Crypto
    May 20, 2025
  • Imrat Group Gains Priority Access to New Product: Bybit Launches Direct Stock Trading via Tether Stablecoin
    May 20, 2025
  • THORChain Faces Legal Action Over $200 Million Collapse Amid Alleged Mismanagement and Insolvency
    May 19, 2025
  • Binance Alpha Is Changing the Web 3.0 Game
    May 16, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$105,377.23
$105,377.23
0.47%
Ethereum
$2,477.05
$2,477.05
0.39%
BNB
$644.64
$644.64
0.09%
Solana
$166.19
$166.19
1.47%
XRP
$2.34
$2.34
0.28%

Spotlight

  • Crypto Trader Says Bitcoin on Cusp of Price Discovery Phase, Sees Ethereum Attacking December Highs
    May 13, 2025
  • Quant Analyst PlanB Says New Bitcoin All-Time High Incoming With Sky-High Price Target in Its Sights
    May 13, 2025
  • $1,100 Ethereum Could Be Coming Before Real Rally Kicks Off, According to Benjamin Cowen – Here’s Why
    May 13, 2025
  • Fake CAPTCHA Scam Targets Millions of University Students With Unknown Malware: Report
    May 13, 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