Elite

Bitcoin

Rekt

<p>According to prominent crypto analyst <a href="https://twitter.com/rektcapital/status/1718659519960518791" target="_blank" rel="noopener noreferrer nofollow">Rekt Capital</a>, the worst-case scenario for Bitcoin in the next 5.5 months leading up to the May 2024 halving event would be a revisit down to the ~$20,000 level.</p>
<p>From current prices of around $34,500, that would represent a 42% drop. However, Rekt Capital notes that worst-case scenarios rarely play out, as they typically have low probabilities.</p>
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="690" src="https://captainaltcoin.com/wp-content/uploads/2023/10/image-739-1024x690.png" alt="" class="wp-image-366600" srcset="https://captainaltcoin.com/wp-content/uploads/2023/10/image-739-1024x690.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-739-300x202.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-739-768x517.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-739-1536x1035.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-739-2048x1379.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-739-223x150.png 223w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-739-100x67.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-739-520x350.png 520w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-739-788x530.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-739.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Bitcoin put in a major bottoming formation around $20,000 earlier this year after the spectacular collapse from all-time highs. That zone represents the maximum pain point reached during the recent crypto winter.</p>
<p>For Bitcoin to retest those lows now after a relief rally, a dramatic shift in market structure would need to occur. Multiple key support levels between $30,000 and $20,000 would have to break down.</p>
<p>With the next block reward halving now just 5.5 months away, Bitcoin is entering a historic pre-halving period. The 2020 halving began a parabolic bull run that peaked at $69,000.</p>
<p>If past halving cycles are any indicator, Bitcoin tends to consolidate sideways or upward in the months preceding a halving event before breaking out dramatically in the 12–18 months after.</p>
<p>While the ~$20,000 area remains feasible as a macro-higher timeframe support zone, a swift revisit there from current levels seems unlikely. It would take a major black swan event or global economic shock to trigger such a drop in the short term.</p>
<p>As Rekt Capital notes, worst-case scenarios rarely play out in the expected fashion. Rather, they exist as tail risks with low probabilities.</p>
<p>Read also:</p>
<ul>
 <li><a href="https://captainaltcoin.com/shiba-inu-eyes-500-gain-as-shib-bulls-take-control/" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu Eyes 500% Gain As SHIB Bulls Take Control</a></li>
 <li><a href="https://captainaltcoin.com/dogecoin-faces-resistance-at-0-07-but-this-doge-indicator-confirms-a-buy-signal/" target="_blank" rel="noopener noreferrer nofollow">Dogecoin Faces Resistance at $0.07, but This DOGE Indicator Confirms a ‘Buy Signal’</a></li>
 <li><a href="https://captainaltcoin.com/october-in-focus-injective-solana-and-inqubeta-emerge-as-the-biggest-winners/" target="_blank" rel="noopener noreferrer nofollow">October in Focus: Injective, Solana, and InQubeta Emerge as the Biggest Winners</a></li>
</ul>
<p>A return to ~$20,000 worst-case lows can’t be fully ruled out but seems unlikely over the next 5 months considering prevailing market conditions, according to crypto analyst Rekt Capital. However, prudent risk management means always preparing for less-expected scenarios while focusing probability on higher-likelihood outcomes.</p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>74% of retail CFD accounts lose money.</strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/elite-bitcoin-analyst-lays-out-the-worst-case-scenario-for-btc/">Elite Bitcoin Analyst Lays Out the Worst Case Scenario For BTC</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Elite Bitcoin Analyst Lays Out the Worst Case Scenario For BTC

目录

CaptainAltcoin

发布于 2023年10月30日的其他文章

Bitcoin Cash Weekly News October 30 2023 by the Bitcoin Cash Foundation

FTX Africa ambassadors face violent threats from community

Bearish Signals Flash for Cardano, Dogecoin, & These Altcoins: What’s Next?

Hub71 Unveils 13th Cohort of 23 Startups, Reinforcing Abu Dhabi’s Status as Global Tech Powerhouse

Zodia Custody expands to Hong Kong

Crypto Crime Spree Continues: $4.4M Stolen in LastPass Breach Fallout

订阅我们免费的电子期刊，获取每日最新加密领域动态！