2024

Bitcoin

April

Rekt

Bitcoin has once again captured the attention of investors and enthusiasts alike. Renowned crypto analyst, Rekt Capital recently examined the current market dynamics, drawing parallels with historical cycles to uncover the possibility of a significant retracement in Bitcoin’s price.
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 New YouTube video is live! Bitcoin On The Cusp of a Deeper Retrace Before the Halving? Check it out here:<a href="https://t.co/LXyG5pv8Ws" target="_blank" data-wpel-link="external" rel="noopener noreferrer nofollow">https://t.co/LXyG5pv8Ws</a> Enjoy and Subscribe!<a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">#BTC</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">#Bitcoin</a>— Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1778839678763843745?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">April 12, 2024</a>
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Rekt Capital’s analysis highlights that Bitcoin has undergone retracements of nearly 30% in 2016 and 20% in 2020. Now, the market is abuzz with speculation that an even more substantial downturn, potentially around 40%, could be on the horizon. This, according to Rekt Capital, could signify a crucial reaccumulation stage for Bitcoin, similar to patterns observed before previous halving events.
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As the crypto community eagerly awaits Bitcoin’s upcoming halving, Rekt Capital’s insights have sparked fervent debate. Investors are closely monitoring the market, poised to seize what could be the last significant buying opportunity before the next major rally.
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 Also Read: <a href="https://www.cryptotimes.io/2024/04/13/bitcoin-prepares-for-halving-just-996-blocks-away/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Prepares for Halving, Just 996 Blocks Away</a>
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Halving Countdown: Analysts Forecast Pre-Event Retracement

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