👉👉Analyst Says Bitcoin's Decline Will Continue for Another 2 Months!👈👈
Rekt Capital warned cryptocurrency investors about the ongoing declines in the markets. The analyst stated that Bitcoin's current status has entered a decline period that could last about two months.
Bitcoin has returned to a "Low Range" area where further downside movement is likely in the short term. Approximately 110 days after the halving, Bitcoin is approaching critical historical thresholds of 150-160 days after the halving.
The Bitcoin price briefly fell below $50,000 on August 5 after the Bank of Japan raised its interest rate from 0% to 0.25%. Japan's decision directly affected both the US stock market and the price of Bitcoin.
“Declines Could Be Buying Opportunities”
Popular analyst Satoshi Flipper stated that Bitcoin has the potential to make a significant rise due to the effect of a large bull flag that has been forming for seven months. Stating that declines could create buying opportunities instead of upsetting investors, Flipper used the following expressions in his X post dated August 4:
“The largest bull flag in Bitcoin history has been forming for 7 months now. Shouldn’t we consider this situation as a buying opportunity instead of being upset?”
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