- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Top analyst has a hard-nosed message for investors
By: thestreet|2025/05/07 00:15:01
0
Share
A popular analyst is predicting a massive final rally for Bitcoin before the start of the altcoin season, where all other crypto assets apart from Bitcoin take dominance in the market.The pseudonymous strategist, named Rekt Capital, posted on X that the Bitcoin Dominance chart is nearing a point of non-return. Bitcoin dominance is at 64.1% at the time of writing, and the analyst believes it might rise as high as 71% before the trend reverses, possibly indicating that the market is coming to the commencement of an altcoin season.#BTC Bitcoin Dominance has one final leg left in its Macro Uptrend on the road to 71% (red)Any dips into 64% would constitute a retestSuccessful retest would enable final trend continuation on the road to 71% (green box)$BTC #Crypto #Bitcoin https://t.co/efhsgN49r4 pic.twitter.com/KbzjzSWZGp— Rekt Capital (@rektcapital) May 3, 2025“Bitcoin dominance has one final leg left in its macro uptrend on the road to 71% (red). Any dips into 64% would constitute a retest. A successful retest would enable final trend continuation on the road to 71% (green box),” the analyst said.Bitcoin to reach new high soonIn addition to the sentiment measure, Rekt Capital also highlights $93,500 as a crucial weekly support level for the asset. If this area can be held, then the range has been retaken and the bulls can maintain the momentum from higher lows, even if there was a pullback from some lower high resistance around $99,000.Referencing prior price action seen in 2024, the analyst says a previous bearish pattern that developed in April 2024 is poised to play out in an eerily similar fashion. A run-up towards the $97,000–$99,000 area could be seen. It would be followed by a short-lived rejection around $104,500, he says, after which Bitcoin would retest the $97,000–$99,000 area as support once again. From there, a gap up to a new all-time high may be on the table.Interestingly, another prominent crypto analyst, Ali Martinez, said “The most critical support for Bitcoin $BTC is at $93,198. If it fails, the next key level to watch is $83,444” on X.The most critical support for #Bitcoin $BTC is at $93,198. If it fails, the next key level to watch is $83,444. pic.twitter.com/bWGWrlD2Yd— Ali (@ali_charts) May 6, 2025At press time, Bitcoin is trading at $94,594.07, up by less than 1% over the last day, as per Kraken.
You may also like
How to Preserve Life and Wealth in Turbulent Times | Bill It Up Memo
In times of chaos, only through diversified allocation and keen observation can one preserve wealth and life in the face of great changes.
I have given up using OpenClaw
Instead of struggling with expensive and unstable AI assistants, it's better to use Claude to create a more stable, cost-effective, and understanding personal system.
WLFI is involved in insider dealings again? The banking license controversy under a $500 million investment
The UAE's investment in World Liberty Financial has intensified concerns about whether it receives special treatment and whether it involves national security issues.
Morning News | Iranian Supreme Leader Khamenei Assassinated; Kalshi to Refund Fees for "Will Khamenei Step Down" Related Market; Bitcoin Spot ETF Sees Net Inflow of $787 Million This Week
Overview of Important Market Events on March 1
The harvesting tactics of the quantitative giant Jane Street
Quantitative giant Jane Street has been accused of manipulating the liquidity and derivatives of markets such as the Indian stock market and Bitcoin, earning billions of dollars in the process.
Cryptocurrency ETF Weekly | Last week, the net inflow for Bitcoin spot ETFs in the U.S. was $787 million; the net inflow for Ethereum spot ETFs in the U.S. was $80.2 million
Top universities like Harvard have started to allocate to Bitcoin ETFs in their endowment funds.
WLFI at it Again? Banking License Controversy Amid $500M Investment
The UAE's investment in World Liberty Financial has heightened concerns over whether it received special treatment and whether national security issues are involved
The Aave civil war escalates, Morpho quietly doubles: Is the lending throne about to change hands?
Wall Street asset management giant Apollo Global Management invested $160 million in Morpho.
Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market
In the dataset, transfers are no longer simply labeled as pure "transaction volume," but are classified as different on-chain activities. This is the difference between "just knowing that $100 trillion has been transferred" and "understanding why it was transferred."
Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"
Every trend here is affecting everyone's future survival.
Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious
In Silicon Valley, Altman's sub-12-hour move has a name. It's not called backstabbing, it's called timing.
The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday
The most important industry in the crypto world, only 300 kilometers away from the missile's impact point
Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?
The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.
The little deer live by the water and grass
Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.
The world belongs to Chinese people who speak English
The world is vast, and only playing half of it is truly a loss.
Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth
Bitcoin is digital capital, and I will spend a thousand hours explaining it to you. Eventually, you will understand, but you will still have to endure a 45% crash.
Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot
This is a key step in Virtuals expanding the Agent Economy into the Embodied AI and Robotics field.
Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply
The Truth about Stablecoin Circulation Speed, Concentration, and Structure After Doubling the Supply
How to Preserve Life and Wealth in Turbulent Times | Bill It Up Memo
In times of chaos, only through diversified allocation and keen observation can one preserve wealth and life in the face of great changes.
I have given up using OpenClaw
Instead of struggling with expensive and unstable AI assistants, it's better to use Claude to create a more stable, cost-effective, and understanding personal system.
WLFI is involved in insider dealings again? The banking license controversy under a $500 million investment
The UAE's investment in World Liberty Financial has intensified concerns about whether it receives special treatment and whether it involves national security issues.
Morning News | Iranian Supreme Leader Khamenei Assassinated; Kalshi to Refund Fees for "Will Khamenei Step Down" Related Market; Bitcoin Spot ETF Sees Net Inflow of $787 Million This Week
Overview of Important Market Events on March 1
The harvesting tactics of the quantitative giant Jane Street
Quantitative giant Jane Street has been accused of manipulating the liquidity and derivatives of markets such as the Indian stock market and Bitcoin, earning billions of dollars in the process.
Cryptocurrency ETF Weekly | Last week, the net inflow for Bitcoin spot ETFs in the U.S. was $787 million; the net inflow for Ethereum spot ETFs in the U.S. was $80.2 million
Top universities like Harvard have started to allocate to Bitcoin ETFs in their endowment funds.
App