Prediction: Trader Who Accurately Predicted Bitcoin Correction Anticipates Impending Altcoin Rallies
An anonymous crypto expert known as Rekt Capital, who accurately predicted the Bitcoin correction before the halving, believes that altcoins are about to take center stage. Rekt Capital, who has a large following on social media platform X, is closely monitoring the OTHERS chart, which tracks the altcoin market by measuring the total market cap of cryptocurrencies excluding the top 10 digital assets and stablecoins. According to Rekt Capital, the OTHERS chart is following a pattern he outlined in February, indicating that the broader altcoin market could see gains of approximately 42% from its current level of $297.5 billion. Rekt Capital’s chart suggests that OTHERS could rally to its weekly resistance level at $425 billion. The analyst believes that once Ethereum takes a breather, there will be a rotation of capital into altcoins. Rekt Capital states that altcoins will benefit from this capital flow once Ethereum consolidates after its recent breakout move. Currently, Ethereum is trading at $3,888 and Rekt Capital believes it has the potential to surpass $4,000, with the recent weekly close above the $3,300 resistance area providing bullish momentum. Rekt Capital advises investors to conduct their own research before making any high-risk investments in cryptocurrencies or digital assets.