He shared the scenario for Bitcoin (BTC) to rise.

Rekt Capital, one of the well-known cryptocurrency analysts, shared the scenario required for the Bitcoin (BTC) price to rise.

According to the analyst, the bull scenario may come true if Bitcoin continues to show stability at current prices as it has been for the last few days. Rekt Capital predicts that if the BTC price maintains these levels, there may be a jump that can break the downward trend in the first week of July.

The analyst argues that BTC price must remain above the $60,600 level for this bullish scenario to occur.

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Rekt Capital said that the Bitcoin price will always decline to a level that convinces people that the bull market is over, and then enter an upward trend again.

At the time of writing, BTC price is trading at $61,419. The price, which decreased by 4.63% in the last week, approached the $60,600 level mentioned by Rekt Capital at its bottom.

However, after this level, the BTC price actually rose to its current position with a sharp price increase.