Rekt Capital: Bitcoin Will Decrease in the Coming Weeks

According to analysis from Rekt Capital, Bitcoin may face a price correction in the coming weeks. This analyst emphasizes that Bitcoin has grown too quickly, leading to the risk of a price drop before the market can recover and move higher. This correction is seen as necessary to lay the foundation for a more sustainable growth cycle in the future. He also points out that market history shows that this correction can help extend the bullish cycle and prepare for higher price targets afterward.

Furthermore, Rekt Capital also highlights the possibility that Bitcoin will revisit the important support level of around $46,000, which could mean a decrease of about 19% in a short period. However, the analyst also asserts that the likelihood of dropping to that level is not high, as this year is a halving year, and it is not the time for a bear market.