A widely followed crypto analyst is keeping an eye on Bitcoin (BTC) while breaking down Chainlink’s (LINK) latest movements.

Pseudonymous crypto trade Rekt Capital tells his 354,700 followers on the social media platform X that BTC’s current price point is acting as a “point of reflection” for the largest crypto asset by market cap.

“BTC 

Acting as a point of rejection for the moment

Worth watching.”

BTC is worth $26,899 at time of writing, down 0.5% in the last 24 hours.

In the latest edition of the trader’s Altcoin Newsletter, Rekt Capital shares what he calls a “short story,” told mostly in charts, about Chainlink’s recent price movements, resulting in a +44% since mid-August.

“Here is a short story on Chainlink:”

“LINK then followed the red path…”

“Then rebounded strongly from the Range Low, before embarking on a path to revisit the Range High resistance…”

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Author: Daily Hodl Staff

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