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#Elites #1337 #BTC🔥🔥 Elite Bitcoin Analyst Lays Out the Worst Case Scenario For BTC
From current prices of around $34,500, that would represent a 42% drop. However, Rekt Capital notes that worst-case scenarios rarely play out, as they typically have low probabilities.
Bitcoin put in a major bottoming formation around $20,000 earlier this year after the spectacular collapse from all-time highs. That zone represents the maximum pain point reached during the recent crypto winter.
For Bitcoin to retest those lows now after a relief rally, a dramatic shift in market structure would need to occur. Multiple key support levels between $30,000 and $20,000 would have to break down.
With the next block reward halving now just 5.5 months away, Bitcoin is entering a historic pre-halving period. The 2020 halving began a parabolic bull run that peaked at $69,000.
If past halving cycles are any indicator, Bitcoin tends to consolidate sideways or upward in the months preceding a halving event before breaking out dramatically in the 12–18 months after.
While the ~$20,000 area remains feasible as a macro-higher timeframe support zone, a swift revisit there from current levels seems unlikely. It would take a major black swan event or global economic shock to trigger such a drop in the short term.
As Rekt Capital notes, worst-case scenarios rarely play out in the expected fashion. Rather, they exist as tail risks with low probabilities.
From current prices of around $34,500, that would represent a 42% drop. However, Rekt Capital notes that worst-case scenarios rarely play out, as they typically have low probabilities.
Bitcoin put in a major bottoming formation around $20,000 earlier this year after the spectacular collapse from all-time highs. That zone represents the maximum pain point reached during the recent crypto winter.
For Bitcoin to retest those lows now after a relief rally, a dramatic shift in market structure would need to occur. Multiple key support levels between $30,000 and $20,000 would have to break down.
With the next block reward halving now just 5.5 months away, Bitcoin is entering a historic pre-halving period. The 2020 halving began a parabolic bull run that peaked at $69,000.
If past halving cycles are any indicator, Bitcoin tends to consolidate sideways or upward in the months preceding a halving event before breaking out dramatically in the 12–18 months after.
While the ~$20,000 area remains feasible as a macro-higher timeframe support zone, a swift revisit there from current levels seems unlikely. It would take a major black swan event or global economic shock to trigger such a drop in the short term.
As Rekt Capital notes, worst-case scenarios rarely play out in the expected fashion. Rather, they exist as tail risks with low probabilities.
$SPELL performing well
still in good buying zone
accumulate B/w $0.36-$0.43
2x is on cards
#SPELL #Elites #Binance #BinanceSquare
still in good buying zone
accumulate B/w $0.36-$0.43
2x is on cards
#SPELL #Elites #Binance #BinanceSquare
LIVEHoneyxgpt
--
Hausse
🟢High profitable Spot call
$SPELL is now in a strong buying zone.
currently trading at $0.416
acculumate B/w $0.36-$0.43
and hold it for some days to a week
Buy it now and DCA,don't wait for $0.36 to come
It may never come
#Elites 🔰 #SPELL #LOOM #Binance
$SPELL is now in a strong buying zone.
currently trading at $0.416
acculumate B/w $0.36-$0.43
and hold it for some days to a week
Buy it now and DCA,don't wait for $0.36 to come
It may never come
#Elites 🔰 #SPELL #LOOM #Binance
LIVEHoneyxgpt
--
Spotted 12 tokens,that have potential to do 2x atleast possibly in a week. They are all listed on #Binance Spot with a combined market capitalization of $70 million. Since they are not risky, Binance won't ever remove them, and they are in USDT pairs.
⚡️100 Reposts & likes
& i'll share them
#1000x
⚡️100 Reposts & likes
& i'll share them
#1000x
⚡️Do I start on a $10K to $100K spot copy trading challenge?
with an efficient strategy and high-quality setups📊
#Elites 🔰 #BinanceWish
with an efficient strategy and high-quality setups📊
#Elites 🔰 #BinanceWish
Yes
83%
No
17%
196 röster • Omröstningen avslutad
There is something for the whole #Elites 🔰 Community
Go checkout the Bio and use the information to reach out
📊Starting the biggest spot copy trading ever
#BONK #SATS #BinanceWish #BinanceTournament
Go checkout the Bio and use the information to reach out
📊Starting the biggest spot copy trading ever
#BONK #SATS #BinanceWish #BinanceTournament
LIVEHoneyxgpt
--
Hausse
$POWR $STEEM
I'm taking profits in parts because it's the weekend and I don't want to get stuck.
~#Elites 🔰
I'm taking profits in parts because it's the weekend and I don't want to get stuck.
~#Elites 🔰
LIVEHoneyxgpt
--
Hausse
If you missed $GAS 90% ✅
$RIF 80% ✅
$LOOM 35% ✅
Don't miss $POWR ❔
expecting a good move soon
~#Elites 🔰#Binance
Repost & like
Let's make it trending on #BinanceSquare
$RIF 80% ✅
$LOOM 35% ✅
Don't miss $POWR ❔
expecting a good move soon
~#Elites 🔰#Binance
Repost & like
Let's make it trending on #BinanceSquare
$BTC
Whales continue to buy any drop within minutes of shaking you out so be cool trade just on the spot, and buy every dip. Whales 'll continue to squeeze both longs and shorts but at the end we only see the greater upside potential.
⚡️Also be part of #Elites 🔰
It costs only $8 for a Lifetime
More details in bio
#BTC #etf
Whales continue to buy any drop within minutes of shaking you out so be cool trade just on the spot, and buy every dip. Whales 'll continue to squeeze both longs and shorts but at the end we only see the greater upside potential.
⚡️Also be part of #Elites 🔰
It costs only $8 for a Lifetime
More details in bio
#BTC #etf
