BTC to Crash $20k Before Halving, Expect Parabolic Rally After: Analyst
- Crypto Trader & Analyst Rekt Capital offers a roadmap for Bitcoin investors to secure profits into 2024.
- He argued current Bitcoin prices near $9,500, mirroring 2019 levels, pose a high-risk buy.
- Rekt Capital suggests a 27% retracement to $20K could offer a buying opportunity for a relief rally and post-halving gains.
Bitcoin markets have been passive over the past weeks, hovering around $26,000 with no significant negative or positive leap. Amid the Bitcoin dull moments, prominent Bitcoin analyst Rekt Capital argued with a roadmap for positioning Bitcoin investors in the current market to potentially reap profits well into 2024 and beyond.
Rekt Capital began by examining historical trends across Bitcoin’s market cycles and extracting practical nuggets for investors. In the analysis, one key observation was the significance of the Bitcoin pre-halving periods of 2015 and 2019, alongside the current 2023.
Comparing the current period in 2023 …
The post BTC to Crash $20k Before Halving, Expect Parabolic Rally After: Analyst appeared first on Coin Edition.
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BTC to Crash $20k Before Halving, Expect Parabolic Rally After: Analyst
- Crypto Trader & Analyst Rekt Capital offers a roadmap for Bitcoin investors to secure profits into 2024.
- He argued current Bitcoin prices near $9,500, mirroring 2019 levels, pose a high-risk buy.
- Rekt Capital suggests a 27% retracement to $20K could offer a buying opportunity for a relief rally and post-halving gains.
Bitcoin markets have been passive over the past weeks, hovering around $26,000 with no significant negative or positive leap. Amid the Bitcoin dull moments, prominent Bitcoin analyst Rekt Capital argued with a roadmap for positioning Bitcoin investors in the current market to potentially reap profits well into 2024 and beyond.
Rekt Capital began by examining historical trends across Bitcoin’s market cycles and extracting practical nuggets for investors. In the analysis, one key observation was the significance of the Bitcoin pre-halving periods of 2015 and 2019, alongside the current 2023.
Comparing the current period in 2023 …
The post BTC to Crash $20k Before Halving, Expect Parabolic Rally After: Analyst appeared first on Coin Edition.
Read More