{"id":31221,"date":"2022-10-06T20:44:24","date_gmt":"2022-10-06T20:44:24","guid":{"rendered":"http:\/\/egrowonline.com\/?p=31221"},"modified":"2022-10-06T20:44:24","modified_gmt":"2022-10-06T20:44:24","slug":"popular-crypto-analyst-pinpoints-window-for-bitcoin-btc-bottom-claims-ethereum-eth-is-meeting-resistance","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=31221","title":{"rendered":"Popular Crypto Analyst Pinpoints Window for Bitcoin (BTC) Bottom, Claims Ethereum (ETH) Is Meeting Resistance"},"content":{"rendered":"


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A widely followed crypto trader is looking at historical Bitcoin (BTC<\/a>) bull markets to carve out a window for the bear market bottom.<\/p>\n

Pseudonymous digital assets analyst Rekt Capital\u00a0tells<\/a>\u00a0their 329,000 Twitter followers that it has been over 300 days since the BTC\u2019s November 2021 peak.<\/p>\n

\u201cWhen BTC peaked in the 2013 Bull Market, it took BTC 413 days to bottom.<\/em><\/p>\n

When BTC peaked in 2017, it took BTC 364 days to bottom.<\/em><\/p>\n

It\u2019s been 333 days since the November 2021 peak.<\/em><\/p>\n

These figures suggest a BTC bottom should take place in the next 1-3 months.\u201d<\/em><\/p>\n

Digging into the charts, Rekt Capital\u00a0claims<\/a>\u00a0the king crypto is currently at a sustained resistance level.<\/p>\n

\u201cBTC is right back at this multi-month resistance.\u201d<\/em><\/p>\n

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Source: rektcapital\/Twitter<\/figcaption><\/figure>\n

Bitcoin is trading for $20,000 on the dot at time of writing. The largest crypto by market cap is down 71% from its November 2021 all-time high of $69,000.<\/p>\n

Rekt Capital also looks at the leading smart contract platform and second-largest crypto by market cap, Ethereum (ETH<\/a>). Just like BTC, Rekt\u00a0sees<\/a>\u00a0Ethereum as currently at a crossroads of resistance.<\/p>\n

\u201cBlue circle shows that ETH is at the orange resistance, which once before figured as strong support<\/em><\/p>\n

If ETH is able to reclaim the top of the orange box as support, then a move to the black Lower High could be on the cards<\/em><\/p>\n

Until then, ETH is at resistance.\u201d<\/em><\/p>\n

\"\"
Source: rektcapital\/Twitter<\/figcaption><\/figure>\n

ETH is trading for $1,360 at time of writing, down 72% from its November 2021 all-time high of $4,878.<\/p>\n

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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 loses 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.<\/h6>\n<\/div>\n

Featured Image: Shutterstock\/wangmando\/phanurak rubpol<\/span><\/em><\/p>\n<\/p><\/div>\n


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A widely followed crypto trader is looking at historical Bitcoin (BTC) bull markets to carve out a window for the bear market bottom. Pseudonymous digital assets analyst Rekt Capital\u00a0tells\u00a0their 329,000 Twitter followers that it has been over 300 days since the BTC\u2019s November 2021 peak. \u201cWhen BTC peaked in the 2013 Bull Market, it took […]<\/p>\n","protected":false},"author":1,"featured_media":31222,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[41],"tags":[646,50,828,194,3928,62,181,158,1685,11642,587,3959,9710],"class_list":["post-31221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-analyst","tag-bitcoin","tag-bottom","tag-btc","tag-claims","tag-crypto","tag-eth","tag-ethereum","tag-meeting","tag-pinpoints","tag-popular","tag-resistance","tag-window"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/10\/popular-window-bitcoin-botom.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/31221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31221"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/31221\/revisions"}],"predecessor-version":[{"id":31223,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/31221\/revisions\/31223"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/31222"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31221"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}