A closely followed crypto analyst says that Bitcoin (BTC) has successfully broken a downtrend with strong price action.

The pseudonymous analyst known as Rekt Capital tells his 543,000 followers on the social media platform X that BTC has successfully broken a diagonal resistance and flipped it into support after staying above $85,000.

“Bitcoin hasn’t just broken the Downtrend and successfully retested it as support for the first time since Downtrend formation

But Bitcoin has also been able to sustainably maintain above the Downtrend for a period of several consecutive days now.”

Rekt Capital also says that BTC is likely in the first corrective stage of the “Banana zone,” or a phase of parabolic expansion for Bitcoin after breaking last cycle’s highs.

The analyst suggests that BTC will soon soar to new all-time highs before entering a new corrective phase and a final launch to its bull market peak.

“Technically, we should be seeing parabolic upside, but instead we’re getting [consolidation]. The ‘Banana Zone’ is a term of endearment for the parabolic phase of the cycle when it comes to Bitcoin’s price action whenever it breaks beyond old all-time highs into new all-time highs.

What happens with Bitcoin’s price action when it breaks to new all-time highs is, yes, we do see a parabolic ascension to those new all-time highs but sometimes when we break to new all-time highs, it can get a little bit bumpy, so it tends to be bumpy in and around the old all-time high region and it tends to be also bumpy once we’ve rallied to new all-time highs…

What that means is we’re going to see additional upside, so that gets us into the corrective phase two. We tend to see at least two corrective periods in price discovery.” 

At time of writing, BTC is trading at $87,523.

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Metaplanet has increased the size of its Bitcoin (BTC) holdings by 330 in a bulk purchase valued at $28.2 million. The latest acquisition brings the Japanese company’s holdings closer to the 5,000 BTC mark amid impressive YTD yields.

Metaplanet Buys 330 BTC For Nearly $30 Million

Tokyo-based Metaplanet has announced the addition of 330 BTC to its growing Bitcoin holdings. According to a post on X by Metaplanet CEO Simon Gerovich, the Japanese-based company splurged $28.2 million on the purchase.

Gerovich’s announcement reveals that Metaplanet spent an average of $85,605 for each BTC in its latest acquisition. At the moment, Metaplanet’s total BTC holding stands at an impressive 4,855 BTC valued at nearly $500 million.

Since the start of the year, Metaplanet says its acquisition spree has seen it rack up a BTC yield of 119.3% YTD.

“Metaplanet has acquired 330 BTC for $28.2 million at $85,605 per bitcoin and has achieved BTC Yield of 119.3% YTD 2025,” said Gerovich.

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Aliyu Pokima

Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.