Bitcoin is once again generating buzz among investors and cryptocurrency fans. Noted industry expert, Rekt Capital, has analyzed recent market trends and drawn comparisons with past patterns to suggest that Bitcoin’s price could experience a notable drop.
New YouTube video is live!Bitcoin On The Cusp of a Deeper Retrace Before the Halving?Check it out here:Enjoy and Subscribe!#BTC #Crypto #Bitcoin— Rekt Capital (@rektcapital) April 12, 2024
Rekt Capital’s examination reveals that Bitcoin experienced drops of nearly 30% in 2016 and around 20% in 2020. Now, there is much talk in the market about the possibility of a more significant decline, estimated to be around 40%. According to Rekt Capital, such a downturn could mark an essential accumulation phase for Bitcoin, as seen prior to past halving events.
Bitcoins upcoming halving has crypto enthusiasts on edge, with Rekt Capital’s analysis igniting intense discussion among investors. Keeping a watchful eye on the market, these investors are ready to pounce on what might be the final substantial purchasing chance prior to the next notable price surge.
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2024-04-15 04:04