logo

Crypto Trader Says Bitcoin on Cusp of Price Discovery Phase, Sees Ethereum Attacking December Highs

By: bitcoin ethereum news|2025/05/13 17:45:04
0
Share
copy
The analyst who accurately called Bitcoin’s pre-halving correction last year believes BTC is on the verge of igniting rallies en route to new all-time highs. Pseudonymous analyst Rekt Capital tells his 546,700 followers on the social media platform X that Bitcoin needs to take out its last resistance area at around $105,000 to trigger a breakout into price discovery. “Can Bitcoin Weekly Close above the Range High of its recently reclaimed Re-Accumulation Range to kickstart the breakout process? Bitcoin is on the cusp of beginning Price Discovery Uptrend two.” In crypto trading, price discovery generally refers to an asset soaring to uncharted territory and new all-time high levels. With Bitcoin struggling to take out the resistance for now, Rekt says that BTC may need to first revisit a key level below $100,000 and flip it into support before the crypto king erupts. “That means that unless BTC is able to break $104,500 Range High resistance, then anything within that price range would be fair game [this] week. And if the Lower High needs to be turned into support (like in the Post-Halving period; blue circle), dips into $97,000 would satisfy that retest.” At time of writing, Bitcoin is worth $102,473. Looking at Ethereum, Rekt says that ETH has surged into a new trading range after last week’s 40% eruption. According to the trader, the doors are now open for ETH to attack its 2024 highs close to $4,000. “Ethereum [has printed a] Weekly Close in its $2,200-$3,900 Macro Range. Weekly Closes above $2,200 have historically set off uptrends across the Range (blue circle). Any dips, if needed at all, would solidify $2,200 as Range Low support.” At time of writing, ETH is worth $2,469. Follow us on X, Facebook and Telegram Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Generated Image: Midjourney Source: https://dailyhodl.com/2025/05/13/crypto-trader-says-bitcoin-on-the-cusp-of-starting-price-discovery-phase-sees-ethereum-attacking-december-highs/

You may also like

The Evolutionary History of Contract Algorithms: A Decade of Perpetual Contracts, the Curtain Has Yet to Fall

The ten-year evolution of perpetual contracts: from pulling the plug on 312 to the shocking short squeeze of TRB, a deep dive into the pricing machine that averages $200 billion daily, written with countless liquidations and real money, detailing the blood and tears of risk control theory.

Kicked out by PayPal, Musk aims to make a comeback in the cryptocurrency market

Cashtags generated a trading volume of 1 billion dollars just a few days after its launch, marking a strong start for Musk's super app strategy. For the cryptocurrency market, X's layout may be one of the most anticipated sources of retail growth after the meme coin craze subsides.

Solana ETF News: What Is a Solana ETF and Why Is Goldman Sachs Betting $108 Million on SOL?

Solana ETF news today shows Goldman Sachs disclosed a $108M position while total SOL ETF inflows reached $1.45B. Analysts now expect up to $6B in institutional demand as Solana trades 71% below its all-time high.

Bitcoin ETF News Today: $2.1B Inflows Signal Strong Institutional Demand for BTC

Bitcoin ETFs news recorded $2.1B inflows over 8 consecutive days, marking one of the strongest recent accumulation streaks. Here’s what the latest Bitcoin ETF news means for BTC price and whether the $80K breakout level is next.

Michael Saylor: Winter is Over – Is He Right? 5 Key Data Points (2026)

Michael Saylor tweeted yesterday “Winter‘s Over.” It is short. It is bold. And it has the crypto world talking.

But is he right? Or is this just another CEO pumping his bags?

Let us look at the data. Let us be neutral. Let us see if the ice has really melted.

WEEX Bubbles App Now Live Visualizes the Crypto Market at a Glance

WEEX Bubbles is a standalone app designed to help users quickly understand complex crypto market movements through an intuitive bubble visualization.

The Joker is back
Bigger pools, auto-play, lucky buffs.
The Joker is backJoin now and grab your rewards.

Popular coins

Latest Crypto News

16:42

BIT: The current indicators for Bitcoin are generally positive, but the upward momentum may still be disturbed by periodic risk factors before entering the target range

BIT tweeted that in the past two issues of the "Biton Target" report, we hinted that the bear market phase of Bitcoin may be nearing its end. Signals from multiple time dimensions are gradually forming resonance, supporting this judgment. When this judgment was made, Bitcoin was approaching the down...
BTCBTC
--
16:42

Data: The US spot Bitcoin ETF has absorbed 18,991 BTC in the past 5 trading days, which is 9 times the new supply

According to Bitwise data, the US spot Bitcoin ETF has absorbed a total of 18,991 BTC in the past 5 trading days, which is 9 times the new supply from mining during the same period (2,109 BTC).
BTCBTC
--
16:42

Data: The current 8-hour average funding rate for ETH across the entire network is -0.0015%

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is -0.0015%. Among the current mainstream exchanges, the funding rate on Binance is -0.007%, OKX is -0.0032%, Bybit is -0.006%, and Gate is 0.0037%.
16:42

Data: Ethereum network 24h transaction fees of 2.7 million USD, surpassing Hyperliquid

According to Artemis data, Ethereum generated $2.7 million in fees in 24 hours, leading Hyperliquid's $1.7 million.
ETHETH
--
HYPEHYPE
--
16:42

The S&P 500 futures in the United States rose by 0.14%, while the Dow futures fell by 0.13%

According to Jinshi reports, the S&P 500 E-MINI futures rose by 0.14%, the Dow futures fell by 0.13%, and the Nasdaq 100 futures rose by 0.65%.
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com