Analysts Predict BTC’s Next Move

Crypto analyst Rekt Capital also weighed in on BTC’s potential trajectory. In an X post published yesterday, he suggested that once BTC decisively breaks through the $97,000 to $99,000 zone, it could face rejection near $104,500. Following that, holding the $97,000–$99,000 range as support would be critical for BTC to launch toward new highs.

Similarly, analyst Ted noted that BTC is currently trading in a Wyckoff accumulation phase. The analyst added that BTC’s slide below $76,000 in early April was likely the bottom for this market cycle. He added:

Looking at the Wyckoff accumulation pattern, it seems like the $96K-$99K level could act as a resistance. I think BTC could consolidate here for a few days, before eventually breaking to the upside.