Popular analyst Rekt Capital discussed Bitcoin's market position amid the current correction. He emphasized that Bitcoin needs to close its weekly candles above the $58,400 mark to maintain its bullish position. This level is crucial for Bitcoin's potential path to reach the $100,000 milestone.
He suggested that a successful retest at this price point could pave the way for further bullish momentum. The analysis video underscores the strategic importance of the $58,400 level in Bitcoin's market trajectory.
