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Bitcoin could be heading for another strong six-figure price rally after regaining a key uptrend and ending a period of repeated declines. According to renowned cryptocurrency analyst Rekt Capital, the latest move puts BTC back in position to target the $160,000 target, provided it holds a key support level and breaks through evolving resistance.
While short-term corrections are still possible, the broader technical picture remains intact. Historical price behavior suggests Bitcoin remains in a strong uptrend, but time and price pressures could soon force a market decision.#August Market Prediction #Content Mining & Earn Rich Commission #Fed Officials Signal Rate Cut #Stablecoin Supply Tops $270B #BTC Market Cap Tops Amazon