Bitcoin

Rekt

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/can-bitcoin-break-out-of-its-slump" data-wpel-link="internal">Can Bitcoin Break Out of Its Slump?</a><br></p>
<p style="text-align: justify">Recent analysis by Rekt Capital has shed light on <a href="https://en.bitcoinhaber.net/bitcoins-rally-potential-beyond-recent-surge-according-to-former-ceo-arthur-hayes" data-wpel-link="internal">Bitcoin</a>‘s price trajectory following a notable correction over the past weeks. The assessment points to the creation of a rising low pattern on the daily chart, hinting that the cryptocurrency market may have found its floor.</p> 
<h2 id="could-bitcoin-experience-a-surge">Could Bitcoin Experience a Surge?</h2> 
<p style="text-align: justify">Rekt Capital indicates that Bitcoin has started to form a higher low after experiencing a dramatic decline from the $80,000 mark. This pattern suggests a potential bottoming out for the cryptocurrency.</p> 
<blockquote> 
 <p>Rekt Capital: “It appears that a higher low has occurred.”</p> 
</blockquote> 
<h2 id="are-corrections-creating-buying-chances">Are Corrections Creating Buying Chances?</h2> 
<p style="text-align: justify">The analysis also highlights that Bitcoin has maintained a robust upward trend even as it has yet to completely fill the CME futures market gap around $70,000. A significant downward deviation was noted compared to last week’s low of approximately $78,600, according to the technical evaluations.</p> 
<blockquote> 
 <p>Rekt Capital: “Bitcoin has shown a significant downward deviation compared to last week’s low.”</p> 
</blockquote> 
<p style="text-align: justify">The recent 25% pullback in December mirrors current market conditions, indicating that these corrections may represent a typical recovery phase. However, Rekt Capital cautions that apprehensions about early drop signals could limit participation in the upward trend.</p> 
<ul> 
 <li>Bitcoin’s price shows signs of a potential rise.</li> 
 <li>A higher low pattern indicates possible market stabilization.</li> 
 <li>Current corrections may create advantageous buying scenarios.</li> 
 <li>Key levels to watch are around $93,500 for positive momentum.</li> 
</ul> 
<p style="text-align: justify">With traders anticipating significant developments this Friday, Bitcoin’s ongoing price movements and chart patterns could offer valuable hints about a potential rally in the market.</p> 
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/can-bitcoin-break-out-of-its-slump" data-wpel-link="internal">Can Bitcoin Break Out of Its Slump?</a></h5>

Can Bitcoin Break Out of Its Slump?

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