{"id":133452,"date":"2024-07-19T00:11:08","date_gmt":"2024-07-18T21:11:08","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=133452"},"modified":"2024-07-19T00:11:08","modified_gmt":"2024-07-18T21:11:08","slug":"is-the-bitcoin-btc-price-correction-finally-over","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/is-the-bitcoin-btc-price-correction-finally-over\/","title":{"rendered":"Is the Bitcoin (BTC) Price Correction Finally Over?"},"content":{"rendered":"<p>Pseudonymous trader Rekt Capital notes that <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a><\/strong> has decisively broken a descending trendline on the daily chart, signaling the end of its downtrend and the start of a new upward movement.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#BTC<\/a><\/p>\n<p>The Bitcoin Downtrend is over<\/p>\n<p>A new Bitcoin Uptrend has begun<a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BTC<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Bitcoin<\/a> <a href=\"https:\/\/t.co\/cvSyIq7byI\" rel=\"nofollow\">https:\/\/t.co\/cvSyIq7byI<\/a> <a href=\"https:\/\/t.co\/A36rbafY25\" rel=\"nofollow\">pic.twitter.com\/A36rbafY25<\/a><\/p>\n<p>\u2014 Rekt Capital (@rektcapital) <a href=\"https:\/\/twitter.com\/rektcapital\/status\/1813324807003672830?ref_src=twsrc%5Etfw\" rel=\"nofollow\">July 16, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Rekt Capital suggests that if Bitcoin can turn the $65,000 level into support, it will establish a new trading range with an upper limit of $71,500. Breaking the $65,000 mark would position Bitcoin to move within the $65,000-$71,500 region.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#BTC<\/a><\/p>\n<p>The moment Bitcoin breaks $65,000 (blue) is the moment Bitcoin will form a new red cluster of price action<\/p>\n<p>Breaking $65,000 would mean price would be ready to move inside the $65,000-$71,500 region<a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BTC<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Bitcoin<\/a> <a href=\"https:\/\/t.co\/yxOhRsmVU9\" rel=\"nofollow\">https:\/\/t.co\/yxOhRsmVU9<\/a> <a href=\"https:\/\/t.co\/TZMP37ufjx\" rel=\"nofollow\">pic.twitter.com\/TZMP37ufjx<\/a><\/p>\n<p>\u2014 Rekt Capital (@rektcapital) <a href=\"https:\/\/twitter.com\/rektcapital\/status\/1813326039646429674?ref_src=twsrc%5Etfw\" rel=\"nofollow\">July 16, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Additionally, the analyst points out that Bitcoin\u2019s recent return to the $60,000 range could indicate a pattern similar to previous cycles, potentially leading to new all-time highs. The reaccumulation range has been successfully reclaimed, which is a significant development.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-133445\" href=\"https:\/\/cryptodnes.bg\/en\/bitcoin-btc-sees-explosive-trading-volume-surge\/\" title=\"Bitcoin (BTC) Sees Explosive Trading Volume Surge\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/bitcoin-42-4-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bitcoin (BTC) Sees Explosive Trading Volume Surge<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>Rekt Capital also mentions that with the reaccumulation zone reclaimed, any future Bitcoin dips are likely to be brief, serving as opportunities for BTC to establish new support levels and continue its upward trend.<\/p>\n<p>Any dip would be a way for Bitcoin to reclaim previously lost levels as new support, ensuring further trend continuation to the upside.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A crypto strategist who accurately predicted Bitcoin&#8217;s pre-halving correction now believes BTC is entering an uptrend.<\/p>\n","protected":false},"author":3,"featured_media":38378,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[72,424,108],"coin_category":[],"class_list":["post-133452","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-crypto","tag-price"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 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