Bitcoin

Rekt

<div class="dailyhodl">
 <p>A closely followed crypto analyst says that Bitcoin (BTC) is currently decisively in the midst of its pre-halving rally.</p>
 <p>Pseudonymous crypto strategist Rekt Capital tells his 410,900 followers on the social media platform X that despite this, the top crypto asset by market cap could still see some dips along the way.</p>
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 <p><em>“Bitcoin is still firmly in its pre-halving rally phase but as is the case with pre-halving rallies – dips can happen. Bitcoin briefly dipped -14% yesterday. The best we can hope for are these dips, but be careful what you wish for – dips do happen.”</em></p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GH_BpeDXoAA4jMp?format=jpg&amp;name=large" alt="GH_BpeDXoAA4jMp" width="1063" height="499">
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   Source: Rekt Capital/X
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 <p>The trader’s chart indicates that during the 2020 cycle, Bitcoin went through a post-halving slump before going parabolic – something that he predicts will happen again this year.</p>
 <p>BTC’s next halving event is slated for April and will see miners’ rewards cut in half. The crypto king is trading for $67,200 at time of writing, a fractional increase during the last 24 hours.</p>
 <p>Moving on to dog-themed digital asset Dogecoin (DOGE), Rekt Capital says that the popular memecoin has confirmed a new macro uptrend after successfully retesting its support level.</p>
 <p><em>“DOGE has successfully retested the macro downtrend as new support. A successful retest after just breaking a macro downtrend means that a new macro uptrend has been fully confirmed.”</em></p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GH_CnoZXEAAid0S?format=jpg&amp;name=large" alt="GH_CnoZXEAAid0S" width="1063" height="499">
  <figcaption id="caption-attachment-190710" class="wp-caption-text">
   Source: Rekt Capital/X
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 <p>The trader’s chart shows that Dogecoin could shoot past the $0.20 price tag before June. DOGE is trading for $0.153 at time of writing, a 2.5% increase during the last day.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-firmly-in-the-pre-halving-rally-phase-according-to-analyst-but-there-s-a-catch-tbt81925.html">https://thebittimes.com/bitcoin-firmly-in-the-pre-halving-rally-phase-according-to-analyst-but-there-s-a-catch-tbt81925.html</a></p>

Bitcoin Firmly in the Pre-Halving Rally Phase, According to Analyst – But There’s a Catch

TheBitTimes

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