Cryptocurrency analyst Rekt Capital made important warnings about the future of Bitcoin. The analyst warned investors that there may be further declines in the short-term future of Bitcoin and emphasized that the $ 60,000 level is a critical threshold. He also drew parallels between the current situation of Bitcoin and the price movements after the block reward halving in 2016, suggesting that a similar scenario could occur again.
Second Danger Zone Warning After Block Reward Halving
According to Rekt Capital, the second correction movement for Bitcoin after the block reward halving carries a significant risk for investors. The analyst stated that the second danger zone that emerged after the block reward halving is a critical time period that investors should take into consideration. He warned that there may be significant declines in the price of Bitcoin during this period.
By analyzing the price fluctuations experienced in past block reward halving periods, the analyst stated that a similar model could be seen after this halving. While this poses a risk for Bitcoin under current market conditions, it can also present opportunities. Investors can take positions at the right time by carefully analyzing price movements in such periods.
60 Thousand Dollar Threshold is Very Important
The $60,000 level is seen as a major support point for Bitcoin. The analyst stated that maintaining this level is critical for Bitcoin's price to remain stable and a possible recovery. Currently, Bitcoin is trading just above this critical support, which may create uncertainty in the short term but maintains recovery potential in the long term.
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