$BTC In The Danger Zone: Is A 20% Price Crash Imminent After Halving? 🚫🚫
🚨 The exact market bottom remains uncertain, with Bitcoin approaching a potential reversal point without clear indicators. Analysts predict that the cyclical nature of Bitcoin will likely manifest in a parabolic rise post-halving, as seen historically. 🚀🚀🚀
Pseudonymous cryptocurrency analyst Rekt Capital reiterated his concept of a “danger zone”, cautioning that the imminent Bitcoin
halving may lead to price volatility. 📈
📢 Historical Context: Pullback Before The Surge?
Rekt Capital draws on historical trends, highlighting a pattern of price slowdowns and pullbacks leading up to the halving event.
“You can see that around the halving is when we typically see slowing down in the momentum for a little while, pulling back before embarking on the parabolic upside,” he explains. “And that’s been the case in each cycle thus far and it will probably be the case in this cycle as well.”
🧐 Potential Buying Opportunity On The Horizon?
Anything getting closer to a 20% pullback is fantastic for Bitcoin because that’s typically when we tend to see limited downsides occur and that’s where we tend to typically also see extreme fear which tends to precede financial opportunity.
So we are getting closer to that point, we are getting closer to that reversal point. But we don’t quite know exactly where the bottom is as no one has ever predicted the exact bottom of the market.
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#BullorBear #bitcoinhalving #Token2049 #BTC🔥🔥🔥🔥🔥🔥 #Write2Earrn
