Bitcoin Poised to Exit Bearish Market Pattern, Trader Proposes Route to New Multi-Month Peak Heights
Let's Talk Tomorrow's Bitcoin Prices: Rekt Capital's Prediction
Hey there, crypto fan! If you're curious about where Bitcoin (BTC) might be headed, you're not alone. Analyst Rekt Capital is sharing his insights on what's expected of the crypto king in the coming weeks. Here's the lowdown:
In a nutshell, Bitcoin is poised to break free from its bearish market structure that dates back to mid-December 2024. Rekt Capital believes that if BTC can stay put above a specific level, it could rocket up to $104,500 before the end of June!
Now, here's a bit more detail for you: If Bitcoin can hold its ground above roughly $98,700, it'll set itself up for a thrilling breakout toward $104,500.
Rekt Capital suggests we're almost done with Bitcoin's price discovery correction period (which gives investors a fantastic reaccumulation opportunity). It's been longer than usual, but, hey, that doesn't change the potential for a smashing price reversal to the upside. As of now, BTC's practically kissing $100,000.
Additionally, based on previous patterns, altcoin season should get things cracking around early 2025 once Bitcoin's dominance starts to waver around 71%. As of now, the BTC dominance level is about 65%.
As always, remember that these predictions shouldn't be taken as investment advice. Do your own due diligence before diving into risky crypto investments, and consider this analysis as just one opinion among many in the crypto space.
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Disclaimer: The opinions expressed here are not investment advice. Always do your own research, and understand that all transfers and trades have their own risks, with any losses being your responsibility. The Daily Hodl is not an investment advisor, and participates in affiliate marketing.
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[1] https://www.dropbox.com/s/hu6qimp78lccbob/Midjourney.jpg?raw=1[2] https://twitter.com/rektcapital/status/1522325660831635460?s=20&t=YdGA2644JM_dBGT8ObsUyA
- Rekt Capital, in his prediction, notes that Bitcoin could potentially reach $104,500 by the end of June 2025 if it can maintain its price above approximately $98,700.
- The analyst suggests that we are nearing the end of Bitcoin's price discovery correction period, providing an opportunity for investors to reaccumulate.
- Based on past trends, altcoin season is expected to begin around early 2025 when Bitcoin's dominance starts to decrease around 71%.
- Cryptocurrency trading platforms like X, Facebook, and Telegram are great resources for staying updated on the rapidly evolving crypto market.
- It's crucial to remember that these predictions should not be considered as investment advice; always conduct your own research before making investment decisions in cryptocurrencies.