The popular crypto analyst commented on Bitcoin, Polkadot and Oasis Network.
Popular analyst Rekt Capital stated that Bitcoin continues to rise, retesting the old resistance level.
Crypto Analyst Takes On Bitcoin
Rekt Capital told its Twitter followers that the leading cryptocurrency has been holding the 200-week moving average (MA) for three weeks.
“Bitcoin is holding the 200-week MA as support for the third week in a row.
Bitcoin successfully tested the 200-week MA as support and continued on the upside for a while.
In doing so, the asset re-emerged the resistance level it rejected a few weeks ago.”
Bitcoin is trading at $ 24,146 at the time of writing, according to Binance data.
The crypto analyst also commented on the blockchain platform Polkadot. According to the popular analyst, DOT needs to hold the $9.27 level to rise again.
“DOT will need to maintain the $9.27 level as support for it to accumulate again”
DOT surpassed Rekt Capital’s target and rose as high as $9.47. The asset is currently trading at $9.30 according to Binance data
Lastly, the trader discussed the DeFi platform Oasis Network (ROSE). According to him, the asset needs to close the week around $0.12 for an upside break.
“Asset has recovered over 40% so far. At this stage, ROSE needs a close above $0.12 to rise further.”
ROSE is trading at $0.10 at the time of writing, according to Binance data.
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