{"id":138807,"date":"2024-10-07T14:30:43","date_gmt":"2024-10-07T11:30:43","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=138807"},"modified":"2024-10-07T13:50:50","modified_gmt":"2024-10-07T10:50:50","slug":"bitcoin-analyst-predicts-when-investors-can-snag-bargain-btc-deals","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-analyst-predicts-when-investors-can-snag-bargain-btc-deals\/","title":{"rendered":"Bitcoin: Analyst Predicts When Investors Can Snag Bargain BTC Deals"},"content":{"rendered":"

The expert warned<\/strong><\/a>, that Bitcoin\u2019s<\/a><\/strong> support level at $60,000 is crucial. A move below it could trigger a major capitulation event where extreme fear and pessimism would dominate the market.<\/p>\n

Rekt Capital explained that a break of this key level would lead to a period of \u201cbargain buying<\/em>\u201d as investors would sell in panic.<\/p>\n

Despite the short-term volatility, the analyst remains optimistic about Bitcoin\u2019s overall trajectory. He suggests that BTC has consistently formed and exited re-accumulation ranges throughout this bull market cycle.<\/p>\n

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Read More:<\/h5>\n \n
\n \n \n <\/span>\n <\/div>\n
\n

Metaplanet Boosts Bitcoin Holdings with $6.7 Million Purchase<\/h4>\n <\/div>\n <\/a>\n<\/div>\n<\/p>\n

If the cryptocurrency manages to regain $60,000 as support, he Rekt believes the price could rise to $70,000 and eventually exceed it, leading to a \u201cparabolic phase of rise\u201d after the halving event.<\/p>\n

The expert believes that Bitcoin\u2019s history shows similar cycles, with the current phase likely to be another re-accumulation phase before a big spike.<\/p>\n","protected":false},"excerpt":{"rendered":"

Well-known crypto analyst Rekt Capital, which accurately predicted Bitcoin’s decline earlier this year, presented a potential bearish scenario for the cryptocurrency.<\/p>\n","protected":false},"author":9,"featured_media":105295,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[72,108],"coin_category":[],"class_list":["post-138807","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-price"],"acf":[],"yoast_head":"\nBitcoin: Analyst Predicts When Investors Can Snag Bargain BTC Deals<\/title>\n<meta name=\"description\" content=\"Well-known crypto analyst Rekt Capital, which accurately predicted Bitcoin's decline earlier this year, presented a potential bearish...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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