Cryptocurrency Analyst Rekt Capital Recent indications are that the worst may be over for Bitcoin.If so, the flagship cryptocurrency may be ready for a rally, rising to Up to $100,000some other cryptocurrency analysts predict this will be the case.
Bitcoin is out of the “danger zone”
Rekt Capital (formerly Twitter) mentioned in postal The “danger zone” after Bitcoin’s halving is officially over.He added that Bitcoin is “celebrating the transition from Re-accumulation range Support is low. The cryptocurrency analyst previously explained that the danger zone is the downward candle that Bitcoin experiences after 21 days. halved 2016.
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Rekt Capital also revealed at the time that Bitcoin had “perfectly” repeated its history in 2016, with the flagship cryptocurrency falling below the bottom of its current re-accumulation range.Meanwhile, according to cryptocurrency analysts Previous analysisBitcoin is now entering the post-halving re-accumulation phase.
Rekt Capital claimed that this period is usually up to five months, but added that it could be shorter this time. The cryptocurrency analyst predicted that Bitcoin is likely to maintain its “regular sideways range, and it may not last long before further upward trends continue.” Rekt Capital also suggestion $60,600 could be the basis for renewed accumulation.
in the following X posts, Rekt Capital hinted that things may improve for the flagship cryptocurrency from now on. “Bitcoin is showing early signs of its seller momentum slowing, slowly forming a curl on Bitcoin,” he said. $60,000 in support”. He added: “$60,000 needs to continue, as it has so far, for the curve to progress and eventually rise.”
Rector Capital famous In another X post, this rise may take time, but it will happen eventually. He said this month and next are likely to be “bland” as Bitcoin has exhausted its “bland months” before “the parabolic phase of the cycle begins.”
Arthur Hayes, co-founder and former CEO of BitMEX cryptocurrency exchange, expressed similar sentiments. point out Bitcoin has hit bottom, and prices will fluctuate between $60,000 and $70,000 by August.
$100,000 could be BTC’s next stop after this phase
According to price predictions from several cryptocurrency analysts, Bitcoin Could climb to $100,000 Once this integration period is over.One of the analysts is the pseudonymous cryptocurrency analyst PlanB, who claim It is “inevitable” for Bitcoin to reach this price level this year. Tom Dunleavy, Partner and Chief Investment Officer (CIO) of MV Capital, also expected Earlier this year, Bitcoin was set to hit $100,000 after its halving.
Meanwhile, cryptocurrency analyst Ali Martinez suggestion Even if Bitcoin doesn’t end up reaching this price level, it will at least be close to it. He said that a surge above $66,250 would give the flagship cryptocurrency enough strength to move towards $69,150.Martinez claims BTC may progress to All Time High (ATH) An eventual break above this resistance would lead to $92,190.
Featured images are from Financial Monthly and charts are from Tradingview.com
