Bull Market

Bitcoin

Rekt

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/insights-on-bitcoins-market-dynamics-and-altcoin-trends/" data-wpel-link="internal">Insights on Bitcoin’s Market Dynamics and Altcoin Trends</a><br></p>
<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/expert-predicts-potential-crypto-price-movements-for-march-2024/" data-wpel-link="internal">Crypto</a> currency</strong> markets closely followed analyst spoke last week after a 9% crash about <a href="https://coin-turk.com/hugh-hendry-altin-btc-ve-kriptoda-yaklasan-seyin-farkinda-degilsiniz-cambaz-trader-konustu" data-wpel-link="internal">Bitcoin</a> (<a href="https://coin-turk.com/buyuk-olay-bu-altcoin-uzun-suredir-mart-ayini-bekliyordu" data-wpel-link="internal">BTC</a>). Popular crypto analyst Rekt Capital, through social media platform X, told his followers that <a href="https://en.coin-turk.com/bitcoins-volatile-week-sudden-movements-shake-the-market/" data-wpel-link="internal">BTC</a>‘s current reaccumulation phase could deceive some investors into thinking it’s a <a href="https://en.coin-turk.com/spot-bitcoin-etfs-a-turning-point-for-crypto-markets/" data-wpel-link="internal">Bitcoin</a> crash.</p> 
<h2 id="bitcoin-s-bull-market-history">Bitcoin’s Bull Market History</h2> 
<p style="text-align: justify">Bitcoin is rapidly approaching the halving, an event that occurs every four years where BTC mining rewards are halved. Data shows that the event will take place next week. According to Rekt Capital, this means that the next bull cycle peak is still about a year and a half away. The analyst stated:</p> 
<blockquote> 
 <p style="text-align: justify">One of the most important points to note about Bitcoin’s reaccumulation intervals during this cycle is: Downward wicks below the Low Intervals tend to appear to trick investors into a fake crash before continuing the uptrend. If history repeats itself… The next bull market peak could occur 518-546 days after the halving, which would be mid-September or mid-October 2025.</p> 
</blockquote> 
<p style="text-align: justify">According to the analyst, although BTC is in a pullback phase of accumulation, the cryptocurrency has managed to recover from the worst past situations. The expert emphasized in his statements:</p> 
<blockquote> 
 <p style="text-align: justify">This has been a deep 18% pullback lasting 10 days so far. In terms of depth, this is very close to the buying zone for this cycle’s pullbacks. However, in terms of time, this is still one of the shortest pullbacks in this cycle. Previous pullbacks lasted 2-3 weeks, up to two months at most.</p> 
</blockquote> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-341956 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/analist-3.jpg" alt="" width="1228" height="752"></p> 
<h2 id="decline-in-altcoins-to-continue">“Decline in Altcoins to Continue”</h2> 
<p style="text-align: justify">Later, setting Bitcoin aside, the analyst emphasized that altcoins are in a downtrend at least until the end of May, beginning of June, concluding his remarks as follows:</p> 
<blockquote> 
 <p style="text-align: justify">The first quarter altcoin excitement cycle has ended. Now is the time to be patient and wait for the start of the second quarter altcoin excitement cycle. This means that altcoins could hit bottom as early as mid-May, but more realistically by the end of May or beginning of June.</p> 
</blockquote> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/insights-on-bitcoins-market-dynamics-and-altcoin-trends/" data-wpel-link="internal">Insights on Bitcoin’s Market Dynamics and Altcoin Trends</a></h5>

Insights on Bitcoin’s Market Dynamics and Altcoin Trends

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